Tianjin's actual use of foreign capital up 15 percent

Edited and translated by Liang Jun, People's Daily Online

In 2012, the actual use of foreign capital in Tianjin, port city in northern China, amounted to around 15.02 billion U.S. dollars, up 15 percent year on year, according to People's Daily on Thursday.

The number of foreign investment projects worth more than tens of millions of dollars approved by Tianjin in 2012 increased by 25.8 percent to 224. The number of the world's top 500 enterprises which have invested in the city has reached 152.

Manufacturing industries, such as auto and auto parts, equipment manufacturing, electrical and electronic, medicine and chemical sectors, attracted major foreign investment.

In modern service industry, the number of newly-approved foreign financing or leasing projects grew by 96.6 percent to 57, and newly-signed contractual foreign investment increased by 1.7 times to 1.67 billion U.S. dollars.

As of the end of 2012, Tianjin had approved 105 foreign financing or leasing projects and the volume of contractual foreign capital exceeded 3.45 billion U.S. dollars, which makes Tianjin one of the most popular cities in attracting foreign investment, financing or leasing.

In 2012, the volume of import and export in the city rose by 12 percent to 115.62 billion U.S. dollars, and it reversed the situation of export growth rate being lower the national average level for nearly seven years.

In addition, the outsourcing services delivery increased by 90.1 percent to 750 million U.S. dollars, among which, delivery of offshore outsourcing service accounts for 750 million U.S. dollars, and the scale of information technology outsourcing (ITO) saw increasing expansion.

Read the Chinese version: 天津实际使用外资同比增15.02%
Source: People's Daily; Author: Chen Jie

We recommend:
Wind power now No.3 energy resource	3rd Qatar Int'l Auto Show kicks off	China caps first 3G nuclear plant
New Zealand moves to restore trust	Mobile apps chip away at SMS	Airbus has big hopes for big plane