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Tianjin Port FTZ sees foreign investment in actual use up 79.53pct in H1

August 06, 2021


Abstract : Tianjin Port Free Trade Zone (FTZ), one of sections of the China (Tianjin) Pilot FTZ, saw actual use of foreign investment stand at 360 million U.S. dollars in the first half of this year, a surge of 79.53 percent year on year, according to Beijing Daily on Friday.

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The landscape of Yujiapu Finance District is seen at Binhai New Area of the China (Tianjin) Pilot Free Trade Zone (FTZ) in north China's Tianjin Municipality, Sept. 17, 2017. (Xinhua/Bai Yu)

BEIJING, Aug. 6 (Xinhua) -- Tianjin Port Free Trade Zone (FTZ), one of sections of the China (Tianjin) Pilot FTZ, saw actual use of foreign investment stand at 360 million U.S. dollars in the first half of this year, a surge of 79.53 percent year on year, according to Beijing Daily on Friday. 

During the period, Tianjin Port FTZ made efforts to attract foreign investment and promote implementation of the foreign-fund projects. 

For example, buildings of the Japanese-invested Takagi auto parts project were completed in the first half. The German DHL, a leading logistics company in the world, saw the smooth progress in the construction of its north operation center in the FTZ. 

JLG (Tianjin) Equipment, a subsidiary of JLG Industries, a Fortune Global 500 company in the United States, completed construction of its phase-two smart factory in the FTZ in the first half of the year.

It is noted that Tianjin Port FTZ recorded 658 million U.S. dollars of foreign investment in actual use in 2020. (Edited by Hu Pingchao, Wang Siyi, hupingchao@xinhua.org)

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Keyword: free trade zone Tianjin FTZ

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