2007'02.01.Thu
Total Investment of Foreign-Funded Enterprises in TEDA Exceeds USD30 Billion

April 03, 2006

TIANJIN, China, April 3 /Xinhua-PRNewswire/ -- Tianjin Economic-Technological Development Area (TEDA) announced today that the newly incorporated enterprise, Kang Chif (Tianjing) Beverage Co., Ltd., became the 4,108th foreign funded enterprise to be approved to establish a base in TEDA; this new arrival means the total investment of foreign funded enterprises in TEDA has exceeded USD30 billion. In April 2003, TEDA attracted a foreign investment of USD 20 billion. Thereafter, in less than 3 years, the total foreign investment in TEDA has grown from USD20 billion to USD30 billion. The comprehensive investment environment of TEDA that takes lead nationwide is the key to TEDA being favored by foreign investors. An appraisal on the investment environment of nation-level development areas by the Department of Commerce indicates that TEDA's comprehensive index of the investment environment has been ranking the first for 8 consecutive years. The sound investment environment has reciprocated the investors with abundant profits. In 2005, the sales profits of the above-scale industrial enterprises in TEDA reached 7.4%, (especially for the electronics industry, which was as high as 8.4%), ranking the first nationwide. In the main structure of local production, enterprises' operating surplus accounted for 34%, which was significantly higher than the national average of 24%. The increasingly improved investment environment and expectable return on investment not only attracts many enterprises to land here, but also leads the companies that have invested in TEDA to supplement their investments in an assured manner and unceasingly introduce new technologies and new products to enhance the added value of products, which in turn promotes the upgrading of the product mix and the industry structure. In 2005, the total newly added investments in TEDA reached USD4.26 billion. There were 244 enterprises that increased their capital, totaling USD1.71 billion and accounted for 40% of the total newly added investment that year. The data indicates that significant growth has been achieved in terms of both the number of capital-increase enterprises and the capital-increase amount of enterprises, and the percentage it takes up in the annual total capital increase. About Tianjin Economic-Technological Development Area (TEDA) Tianjin Economic-Technological Development Area (TEDA) was established in 1984 with the approval of the State Council of the People's Republic of China. It is one of the first state-class economic-technological development areas in the country. TEDA is located in the center of a larger area bordering Bohai Sea and the east of the Asia-Europe Land Bridge, thus serving as the gate to the two super cities of Beijing and Tianjin, and the throat connecting the northeast of China. By the end of 2005, 4,067 foreign companies have landed in TEDA. Of the Fortune 500 companies, 57 multinational companies, from 10 countries and regions, including such well-established multinational giants as Motorola, Samsung and Toyota, invested in 123 enterprises in TEDA. In 2000, "Fortune" listed TEDA as one of the most highly recommended economic areas in China. In 2002 UNIDO listed TEDA as one of the most dynamic areas of China together with Shenzhen, Suzhou, Wenzhou, Shanghai Pudong and Xi'an High-tech Park. For more information, please visit http://www.investteda.org . For more information, please contact: Ding Lei, Tianjin Economic-Technological Development Area Tel: +86-22-2520-1616 Xu Hui, Tianjin Economic-Technological Development Area Tel: +86-22-2520-1118 SOURCE Tianjin Economic-Technological Development Area
PR
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