Home  Contact Us
  Follow Us On:
Advertising Advertising Free Newsletter Free E-Newsletter

Tianjin GDP growth up in first three quarters
Published on: 2019-11-04
Share to
User Rating: / 0

010Tianjin saw year-on-year gross domestic product growth of 4.6 percent during the first three quarters of the year, sustaining a momentum to reverse the recent downward glide of its GDP.

The city's GDP saw a stunning drop in growth to 3.6 percent in late 2017 from 9 percent expansion in 2016.

The GDP figure has since seen a slow climb from the second quarter of last year and touched 1.5 trillion yuan ($212.3 billion) during the third quarter of 2019.

011Statistics showed that during the first three quarters of the year, investment of up to 10 billion yuan from Beijing companies has been injected into Tianjin, accounting for 46.4 percent of the city's total newly arrived domestic investment.

The city's industrial restructuring and its favorable policies to boost the business environment bolstered the confidence of foreign companies.

013The number of newly approved foreign companies hit 521 during the period, with the contractual value of their investment hitting $19.3 billion. The actual utilized foreign capital surged by 4.4 percent to $3.7 billion.

012Foreign companies are upbeat the city's favorable policies will optimize the business environment and industrial transformation of the city.

Comments (0)Add Comment

Write comment

security code
Write the displayed characters

    Subscription    |     Advertising    |     Contact Us    |
Address: Magnetic Plaza, Building A4, 6th Floor, Binshui Xi Dao.
Nankai District. 300381 TIANJIN. PR CHINA
Tel: +86 22 23917700
E-mail: webmaster@businesstianjin.com
Copyright 2020 BusinessTianjin.com. All rights reserved.