Total Investment of Foreign-Funded Enterprises in TEDA Exceeds USD30 Billion

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:    [phone]

     Xu Hui,
     Tianjin Economic-Technological Development Area
     Tel:    [phone]

SOURCE  Tianjin Economic-Technological Development Area