Tianjin Binhai New Area optimizes business environment to boost private economy

Staff members test a climate radar device at the Tianjin Yunyao Aerospace Technology Co., Ltd. in Tianjin, north China, March 21, 2025. In recent years, Binhai New Area in north China's Tianjin has optimized the business environment for private economy to accelerate its development. In 2024, the Economy Value Added of private economy in the area has increased by 9.1 percent year-on-year. (Xinhua/Zhao Zishuo)

Staff members check the core part of a satellite at the Tianjin Yunyao Aerospace Technology Co., Ltd. in Tianjin, north China, March 21, 2025. In recent years, Binhai New Area in north China's Tianjin has optimized the business environment for private economy to accelerate its development. In 2024, the Economy Value Added of private economy in the area has increased by 9.1 percent year-on-year. (Xinhua/Zhao Zishuo)

Staff members do tests at a production base of Juventas Cell Therapy Ltd. in Tianjin, north China, March 21, 2025. In recent years, Binhai New Area in north China's Tianjin has optimized the business environment for private economy to accelerate its development. In 2024, the Economy Value Added of private economy in the area has increased by 9.1 percent year-on-year. (Xinhua/Zhao Zishuo)

A staff member works at a cell culture room of a production base of Juventas Cell Therapy Ltd. in Tianjin, north China, March 21, 2025. In recent years, Binhai New Area in north China's Tianjin has optimized the business environment for private economy to accelerate its development. In 2024, the Economy Value Added of private economy in the area has increased by 9.1 percent year-on-year. (Xinhua/Zhao Zishuo)

Staff members operate equipment at a production base of Juventas Cell Therapy Ltd. in Tianjin, north China, March 21, 2025. In recent years, Binhai New Area in north China's Tianjin has optimized the business environment for private economy to accelerate its development. In 2024, the Economy Value Added of private economy in the area has increased by 9.1 percent year-on-year. (Xinhua/Zhao Zishuo)

An aerial drone photo taken on March 21, 2025 shows a view of the factory of the BOMESC Offshore Engineering Company Limited in Tianjin, north China. In recent years, Binhai New Area in north China's Tianjin has optimized the business environment for private economy to accelerate its development. In 2024, the Economy Value Added of private economy in the area has increased by 9.1 percent year-on-year. (Xinhua/Zhao Zishuo)

Staff members work at a stainless steel workshop of the BOMESC Offshore Engineering Company Limited in Tianjin, north China, March 21, 2025. In recent years, Binhai New Area in north China's Tianjin has optimized the business environment for private economy to accelerate its development. In 2024, the Economy Value Added of private economy in the area has increased by 9.1 percent year-on-year. (Xinhua/Zhao Zishuo)