Study in Tianjin

Tianjin's GDP reached 1.12 trillion yuan in 2011, an increase of 16.4 percent over 2010. The city of Tianjin recorded China's highest per-capita GDP with $13,393, followed by Shanghai with $12,784 and Beijing with $12,447, levels on par with some developed countries.

The Second largest City in North of China

The municipality recorded an impressive 16.5% increase in GDP in 2009, second only to the 16.9% rate in resource-rich Inner Mongolia, and nearly double the national growth rate. In the short term, infrastructure spending will buoy Tianjin's economy. There are substantial projects under way to extend the metro system and improve road and rail links with the nearby national capital, Beijing.

Steady Economic Growing 

Although the international financial crisis spreads rapidly and the speed of world economy growth is slowing down, Tianjin economy still maintains at a steady and fast growing speed. In 2008, Tianjin total output value was RMB 635.438 billion, an increase of 16.5%, say RMB 130.398 billion increase over last year, the first time with an increase of exceeding RMB 100 billion. The total output value per capita in Tianjin was USD 7,800, nearing the level of middle developed countries. Tianjin had realized a directly contracted foreign investment of up to USD 13.256 billion, an increase of 15.1%, and actual contributed capital of USD 7.420, increasing 40.6% year on year. So far Tianjin has had 21,048 companies with foreign investment, with accumulated foreign investment of USD 47.2 billion.

Tianjin is transforming into a hub city for international shipping and logistics, modern manufacturing and research and development. Nominal GDP of Tianjin has swelled by 2.8 times from 184 RMB billion in 2001 to 505 RMB billion in 2007. 

Skyscrapers in Tianjin:

Potencial Industry

The manufacturing sector was the largest (54.8%) and fastest-growing (18.2%) sector of Tianjin's economy in 2009. Major industries include petrochemical industries, textiles, car manufacturing, mechanical industries, and metalworking. EADS Airbus is an important manufacturer, and has opened an assembly plant for its Airbus A320 series airliners, operational since 2009. Tianjin also hit the news in 2010, as the current fastest supercomputer in the world, Tianhe-1A, is located at the National Super computing Center in Tianjin. GDP in 2009 hit ￥750.1 billion, with a per capita of RMB￥62,403.

Tianjin Economic & Technological Development Area (TEDA)

As one of the first state-level economic and technological development zones, TEDA was founded on December 6, 1984, with the approval of the State Council. It enjoys relevant state preferential policies with the major task to attract domestic and foreign investment to develop high and new technology oriented modern industries. As an affiliated organ of the Tianjin Municipal Government, the Administrative Commission of Tianjin Economic-Technological Development Area exercises unified administration of TEDA on behalf of the Tianjin Municipal Government and enjoys provincial-level administrative and economic management rights.

Binhai New Area

Tianjin Binhai New Area (TBNA) is located on the coast of the Bohai Sea east of Tianjin's main urban area, and is part of the Bohai Economic Rim. It is a new growth area in China, and as of the end of 2010, 285 Fortune Global 500 companies had invested and established branch offices here. Binhai is intended to be a base for China's advanced industrial and financial reform and innovation. A number of major companies including Rockefeller, Tishman Speyer, Motorola and Airbus have built branches here. For instance, EADS Airbus has already opened an assembly plant for its A320 series airliners, operational since 2009.

Binhai is intended to replicate development seen in Shenzhen and Pudong in Shanghai. It is a Special Economic Zone (SEZ) of the PRC, meaning experimental reforms are taking place here.