Rolls-Royce & Partners Finance, a leading global aircraft engine leasing company co-owned by Rolls-Royce and GATX, has signed an agreement with the Dongjiang Comprehensive Bonded Zone to establish a local entity in Tianjin.
Inside the production workshop of a German precision technology company located in Tianjin, automated equipment hums at full capacity as precision springs roll rhythmically off the production line.
Tianjin's export value of robotic products in the first half reached 1.08 billion yuan ($159 million), marking a year-on-year growth of 487.9 percent, said Tianjin Customs.
Nearly 60 Russian exhibitors are showcasing food, consumer goods, and cultural products in Tianjin this week as the city hosts its first Made in Russia festival, part of efforts to expand bilateral trade and business exchanges.
German precision manufacturer Kern-Liebers has expanded its operations in Tianjin operations by opening a second-phase factory, demonstrating its strong confidence in China's market and its commitment to the city's long-term growth.