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Tianjin Bonded Area Witnesses Big Increase
Tianjin Bonded Area made actual use of 279 million US dollars in overseas capital in the first six months of this year, up 47.9 percent from the same period last year.
The area is one of 13 bonded areas in China that were established to promote inflows of overseas investment.
To effectively attract overseas capital, the bonded area invested 123 million yuan (14.8 million US dollars) in the first half of the year to build infrastructure, 58 percent higher than the same period last year.
The bonded area, set up 10 years ago, is expected to complete the construction of more than 500,000 square meters of office buildings, warehouse and workshops within this year, which is equal to nearly two-thirds of the total construction over the past decade.
It also planned to build production centers for small and medium-sized enterprises of the Republic of Korea and Taiwan region.
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