Tianjin Economic - Technological Development Area (TEDA) (including Tianjin Nangang Industrial Zone)
07 May 2015
(Latest information update as at 2012)
Facts & Figures (2012)
|Year of Establishment||1984|
|Land Area||East: 33 km2|
West: 48 km2
|GDP||RMB 710 billion|
|Utilized FDI||US$5 billion, 15% up|
|Major Investors||Motorola, Samsung, Toyota, Novo Nordisk, GlaxoSmithKline, OVOZYMES, Ting Hisin, Nestle, OTIS, SEW, Vestas, CNPC Great Wall Drilling Materials|
|Major Industries Encouraged||Electronics and telecommunication, automobile, bio-pharmaceuticals, food and beverages, new materials, equipment manufacturing, petrochemicals, aviation, modern service industry|
Tianjin Economic-Technological Development Area (TEDA) was established on December 6, 1984 with the approval of the State Council of the People's Republic of China. It is one of the pioneer state-level economic-technological development areas in the country. It could term as an ''economic powerhouse'' in the northern China.
TEDA, which sits at the juncture of the Bohai economic belt and the Beijing-Tianjin-Hebei megalopolis, consists of six areas, namely, TEDA East, TEDA West, Nangang Industrial Zone, TEDA Industrial Park, Micro-electronics Industrial Park, and Yat-sen Scientific Industrial Park.
TEDA East, the birthplace of TEDA, is located at the heart Tianjin Binhai New Area. This Binhai New Area is currently the most talk about investment destinations in Tianjin. Several large new concept developments are under construction. The most notable development known as Singapore Tianjin Eco-city which is about half funded by SingBridge, an investment arm of Singapore Temasek, has started construction recently. Other major investors in this area include Malaysia's Sunway Development and several large developers from Japan.
Located in the southeastern part of Tianjin, TEDA enjoys convenient transportation. Tianjin Port, which is adjacent to TEDA, is the largest seaport in North China by cargo throughput. In 2012, Tianjin port handled 476 million tons of cargo. Thirty-eight kilometers northwest of TEDA is Binhai International Airport, which is expected to become the largest air freight center in China.
TEDA has dynamic labor markets, employment agencies and a complete database of professionals. It recruits professionals from around the country on a regular basis. TEDA Training Center provides regular professional training services and designs training specifically for TEDA companies. TEDA Vocational School provides young staff and specialized training to companies according to the actual needs of the companies. TEDA kicked off construction of Nangang Industrial Zone in 2009, which is an industrial complex that the government plans to attract world leading players in heavy and chemical industry fields. The new industrial zone will be built in three phases and is expected to be completed in 2020. The zone has attracted RMB 3.25 billion investment in infrastructure.
According to the government plan, Nangang Industrial Zone will comprise Terminal Storage & Modern Logistics Park, Modern Petrochemical Industry Park, Equipment Manufacture Park, Recycling Economic Utility Park, focusing on the development of petrochemicals, metallurgy & steel, equipment manufacturing and port logistics.
Other current developments include TEDA Service Outsourcing Park, a state-level service outsourcing model zone, which is the home to China's Super-computer Center, and Tencent Digital. It is shaped into a business cluster integrating software development, technology research, information service, education and training.
It is exploring an innovation mechanism leveraging TEDA's unique features and competitive advantages to establish Tianjin International Joint Academy of Biotechnology and Medicine (TJAB), a national biomedicine innovation entity is dedicated to speed up the lab-to-pharmacy process. Its aim is to grow into the flagship of the country's biomedicine and life science industry.
Tianjin University Science Park is another notable major incubator of local hi-tech companies and several key state research projects such as the National Nano Base and National Computer Virus Emergency Response Center. The park has abundant educational resources gathered from renowned universities such as Nankai University TEDA College, and Tianjin University of Science & Technology.
The construction of TEDA Modern Service District (MSD) has just commenced. Located in the center of TEDA East, it is a cross-shaped block with the Financial Street and the Citizen's Plaza as its vertical axis and a long green belt as its horizontal axis. This new complex, as the platform of TEDA' s financial industry and headquarters economy, will have a group of A-grade office buildings, high-end hotels, shopping malls. Among them, the 518.6-meter-high CTF Binhai Center, invested by the New World Group from Hong Kong and crowned as "the Diamond in the North", is the highest skyscraper of the entire Tianjin Binhai New Area.
Tianjin, home of TEDA, was designated by the State Council as the economic center of North China. In 2012, its GDP hit RMB 1.29 trillion, ranking second in North China, and its gross industrial output hit RMB 2.4 tillion, ranking first in the region.
TEDA is the largest industrial park in China in terms of gross industrial output. In 2012, its gross industrial output was RMB 710 billion, up 18% year on year. Its outputs of mobile phones, flat-panel TVs and instant noodles all rank first in China.
Through nearly 30 years of development, TEDA has established nine pillar industries: electronics and telecommunication, automobile, biopharmaceuticals, food and beverages, new materials, equipment manufacturing, petrochemicals, aviation, modern service industry.
Since its founding, TEDA has attracted many foreign investors because of its advantageous geographic location, convenient transportation, well-established infrastructure and market potential. Electronics and telecommunications have attracted the most foreign investment of US$2.5 billion. Motorola and Samsung are the most representative investors.
By 2012, over 100 Fortune 500 enterprises has established business in TEDA. TEDA aggregated about 5,000 foreign enterprises with cumulative direct foreign investment (FDI) of USD 46.27 billion where USD 26.17 billion was utilized.
An important economic area for growth, TEDA has a strategic long-term vision of becoming the biggest modern industrial area in Asia and the best in China. This vision is a guideline for TEDA's promising journey towards bigger success. Many projects for upgrading the investment environment, the natural environment and the qualifications of people have been initiated. In the near future, a better TEDA based on modern industries, modern management techniques and modern urban philosophies will be coming onto the stage.
- Tianjin has excellent infrastructure and transportation system.
- The city has extensive markets that include Beijing and cities in North and Northwest China.
- It has complete industrial clusters involving electronics, automobiles, metallurgy, machinery, chemicals, textiles and medicine.
- It has very large scale support from the Central government to develop Tianjin Binhai New Area.
- TEDA has attracted many world renowned manufacturers that provides strong supply chains benefiting its whole economy to position as a world-class manufacturing powerhouse.
- Interestingly, as a northern city, it has efficient, well-trained and professional administrative and support staffs servicing foreign companies.
- TEDA has executed effective and global scale promotional and marketing activities to secure landmark deals in its park.
- Investment costs in Tianjin are higher than in nearby cities such as Langfang, Baoding and Qinhuangdao.
- It may face bottleneck in recruiting and hiring world-class talents in the science and technology arena.
- The financial sector has not developed as fast as its manufacturing sectors.
- The city is relatively unknown and less appeal to foreign young talents and elites to seek opportunities in the city.
The Administration Committee