Introduction of Bohai Bay Area

The Bohai Bay Area is a vital economic engine for China’s continuing push forwards a market economy. In this 500km range there are 11 out of the 32 major cities in China. The main economic regions in Bohai Economic Ring includes: Beijing, Tianjin, Tangsan, Dalian, Qingdao, Jinan, Yantai. The population of Beijing and Tianjin together is up to more than 20 million which has long been noted as north China’s strongest consumer group. Many MNCs have established research center in Beijing and manufacturing plants in Tianjin, such as Motorola, Microsoft, HP, Panasonic, Fujisu and Samsung. The Bohai Ring Regiion is also important to the economic collaboration of China, Japan and Korea.

Economic data of major cities (RMB Billion)

City GDP
Beijing 361.19
Tianjin 238.69
Tangsan 129.5
Dalian 163.26
Qingdao 178.03
Jinan 136.78
Yantai 131.6

 

Statistics of Tianjin

The GDP of Tianjin has reached USD 28.75 billion and up 14.5% than last year. Industry is the main sector of all industries in Tianjin. The industrial GDP have reached USD 52.65 billion, of which sharing 62.8% of the total GDP in Tianjin. The total value added was USD 14.61 billion, up 18.4% over last year.
Tianjin has a strong industrial foundation in more than 150 industrial sectors, especially in electronics, automobile, metallurgy, machinery, chemicals, textiles and pharmaceutical industrials.

 

The Statistics of Tianjin Economic-Technological Development Area (TEDA)

TEDA is a special economic area designated to host foreign investment while special policies and incentives are granted by the central government which established in 1984.

 

» Favorable Geographical Location

Being at the center of the Circum - Bohai Economic Ring, TEDA’s strategic location offers time and cost restiveness in distributing products to major Chinese metropolitan areas. Over 17% of the nation’s population is within 500 km from TEDA. Also in this 500km range there are 11 out of the 32 major cities in China. The population of Beijing and Tianjing together is up to more than 20 million which has long been noted as North China’s strongest consumer group. Locating in TEDA will enable an easy access of market penetration and strong local presence to these surrounding markets. In addition to the ready and fast growing consumer market, the business-to-business market is also quite developed. TEDA companies are often nourished by other local companies. Tianjin’s strong and comprehensive industrial foundation provides a sophisticated network of supporting industries which makes it possible for local procurement and sourcing. In most cases, manufacturers of various industries from materials and components they need from a local sources.

 

» The Greatest Electronics market zone in North China

In 2003, the total GDP of TEDA reached a value of US$ 5.36 billion, growing by 25.1% over last year, and the total sales revenue valued at USD 15.05 billion. TEDA have attracted the total foreign investment USD 21.3 billion by 2003 from 3,679 foreign businesses.

In 2003, top 10 output export countries in the world are: USA, European Union, Eastern union, Japan, Korea, HK SAR, Taiwan and others.

As early as 1992, Motorola invested USD 1.5 billion in TEDA in the production of BP machine and cell phone, which proved to be a great success. USD 1.9 billion of the profit has been reinvested in the development of microelectronics and production of semiconductor chips, making TEDA the biggest manufacturing base of Motorola in China.

 

» Electronics - The Major Industrial Sector in TEDA

Four major industrial sectors in TEDA: Electronics communication, Machinery manufacturing, Pharmacy & Chemical, Food & Beverage; The electronics sector have reached a total output value of RMB 7.78 billion, taking a great share of 62.2% of the total output value to TEDA.

Major Industrial Sectors in TEDA:

Item Investments % ranking in the park
Electronics 62.40 37.4%
Machinery 22.87 13.7%
Food 14.42 8.6%
Chemical 9.99 6.0%
Pharmacy 5.47 3.3%
Others 51.75 31.0%

Unit: USD 100 million

Major Industrial Products Status:

Item Output Annual growth rate %
Mobile 3086.75 8.60%
IC 37031 13.50%
Display 680.09 25.80%
Automobile 4.97 222%

Unit: 10 thousand sets

 

» The Key TEDA Members

There are 3,679 foreign businesses from 73 countries and regions in TEDA by 2003. Among it, the gross investments of 13 foreign businesses have been over the amount of USD 100 million and 351 foreign businesses over the amount of USD 10 million. Forty of the fortune global top 500 companies have been launched in TEDA, for example, Motorola, IBM, Kodak, AVX, Honeywell, Toyota, Yamaha, Sanyo, Panasonic, Sumitomo, K & C, Idemitsu, Itochu, Philip Morris, etc.