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Free Trade Zone Witnesses Fast Growth in First Quarter
The bonded area in Tianjin witnessed fast production growth in the first quarter of this year, latest statistics showed.
The gross domestic product (GDP) increased by 32.8 percent, compared to the same period last year, to stand at 898 million yuan (109 million US dollars).
Meanwhile, tax revenues hiked by some 87 percent year on year to reach 2.23 billion yuan (269.7 million US dollars), accounting for 49.4 percent of its yearly goal.
Thanks to the preferential policies adopted by the free trade zone administration, the newly launched development centers for scientific and technological industries, and bio-industries have clinched deals worth 210 million U.S. dollars in the first quarter.
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