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Tianjin Development Zone Sees Increasing Investment
The development zone of Tianjin Municipality set up some 115 high-tech projects in the January-August period, attracting a total of 2.8 billion U.S. dollars, according to the latest statistics.
Nearly 70 percent or 1.9 billion U.S. dollars of investment came from Motorola. And the investment in the first eight months reported 2.16 times over the year's target, local official sources said.
Many large-scale joint ventures and solely foreign-funded enterprises including Ssmithkline Beecham Group, CTS, Samsung Electron Devices Co., Ltd. increased their investment in Tianjin during that period.
So far, some 3,291 solely foreign-funded enterprises have set up businesses in the zone, investing a total of 14.99 billion US dollars.
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