Tianjin is the birthplace of modern machinery industry and textile industry in China. At the beginning of the 20th century, Tianjin was the second largest industrial city in China. Since the adoption of the policy to reform and open up in 1978, Tianjin has become even more vigorous, and it is now on its way to becoming an economic center with advanced technology, favorable environment, great strength in science and technology, and a rich supply of human resources.

　Between 1993 and 2006, with its double-digit growth of gross production value every year, Tianjin became one of the areas that developed rapidly in China.

　Since the adoption of the policy to reform and open up, Tianjin has opened wide to fuse itself into the global trend of economic development. In addition, the investment environment bas been improved steadily. Tianjin enjoys a lot of advantages in its investment environment: its convenient port transportation, open market, excellent logistic services, attractive investment policies, highly efficient government services, and its transaction environment characterized by honesty and cooperation. So far, Tianjin has attracted investment from over 110 countries and regions, and nearly 18,000 foreign-funded enterprises have established their branches in Tianjin, bringing along investment more than US $55 billion. Of the top 500 enterprises in the world, more than 110 have invested in Tianjin.

　In the Outline of the 11th Five-Year Plan for the Development of National Economy and Society in the People’s Republic of China, which was approved of in 2006, it is pointed out that the development and opening of Tianjin Binhai New Area is part of the overall national development strategy of China. This important decision will surely provide great momentum and favorable conditions to boost the development of Tianjin.