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Binhai New Area of Tianjin-An ideal place for investment and economic cooperation
2006/06/02
Survey of Binhai New Area of Tianjin
 

Details........

Binhai New Area of Tianjin (BNAT), east coastal area of Tianjin central districts, is located in the northeastern part of North China Plain and Lower Reaches of the Haihe River, including Tianjin Port, Tianjin Economic Technological Development Area, Tianjin Port Free Trade Zone, Tanggu District, Hangu District, Dagang District, and part of Dongli and Jinnan Districts (the Industrial Zone of Lower Reaches of the Haihe River), with a planned area of totaling 350 square kilometers. Along its north boundary is Nanfeng County, Hebei Province; along its south is Huanghua County, Hebei Province.

To adapt itself to the latest development and take better advantage of its functions as a seaport city to serve and connect itself to other inland regions, Tianjin has made a trans-centennial and strategic determination to develop and construct BNAT and help activate the economy along the Bohai Bay Rim and other northern part of China during its own development. In March, 1994, at the second session of the 12th Tianjin People's Congress, a resolution was passed that BNAT will basically take shape in about ten years' time. The overall conception for the construction of BNAT is to be developed into a widely-opened modern economic area for the 21 century with Tianjin Port, Tianjin Economic Technological Development Area, and Tianjin Port Free Trade Zone as its framework, with metallurgy and chemical industries as its foundation, with commercial trade, finance and tourism as competitors of development, with new and expanding industries and export-oriented economy as leading industries, with the free trade port as orientation of development and with a complete network of infrastructure plus all the needed service functions. The basic objective is, in about ten years of development and construction, to enable BNAT's GDP and foreign currency revenue to account for over 40% of the whole Tianjin.

To achieve such a trans-centennial strategy of economic development, in February, 1994, Tianjin Party Committee and Tianjin People's Government established an organization of BNAT Leading Group. In June, 1995, BNAT Office was established to exercise the power of uniform command and coordinate development and construction of BNAT. At present, every unit residing and located in BNAT is united as one, strives to accelerate construction of the New Area and go to great lengths to initiate a new economic situation in Tianjin pursuant to the principle of "unified planning and implementing in districts and steps".

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