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State-owned enterprises in Tianjin 2020 to invest RMB76.9 bln to boost economic dev.

July 01, 2020


Abstract : A total of 2,138 investment projects are planned in the year by state-owned enterprises in north China's Tianjin Municipality, involving an investment of 76.902 billion yuan, reported Tianjin Daily Wednesday.

TIANJIN, July 1 (Xinhua) – A total of 2,138 investment projects are planned in the year by state-owned enterprises in north China's Tianjin Municipality, involving an investment of 76.902 billion yuan, reported Tianjin Daily Wednesday. 

The investment package is expected to boost sustained and healthy economic and social development of Tianjin. 

Among the total investment, about 75.297 billion yuan will be injected to 2,110 projects in eight significant industries, such as manufacturing, transportation, and finance. 

The proportion of investment in manufacturing in total planned investment increased by 1.9 percentage points compared with that in the previous year, and that of the investment in transportation, warehousing, and postal sectors increased 9.46 percentage points. 

Meanwhile, the proportion of planned investment in real estate and finance sectors declined 3.05 percentage points and 9.5 percentage points, respectively. 

A total of 14.96 billion yuan will be invested in 111 projects in industries like photovoltaic power generation, public facilities, and food processing in cities and provinces outside Tianjin.

Tianjin will also invest big in projects such as waterworks rehabilitation, livestock products processing, and sewage treatment, to secure stable development for local livelihood.

(Edited by Jiang Feifan with Xinhua Silk Road, 346129473@qq.com) 

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Keyword: projects SASAC

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