Tianjin Economic-Technological Development Area (TEDA), one of the early national economic and technological development zones in China, has been playing a leading role in the development and opening up of Tianjin Binhai New Area since its establishment 39 years ago. This was announced by You Tiancheng, head of the Management Committee of TEDA, at a press conference held in Tianjin, on May 24.

“It has achieved fruitful results in the industrial cultivation, opening up, scientific and technological innovation, and urban construction,” he said.

The development area’s GDP accounted for 1/7 of that of Tianjin, or 1/3 of that of the city’s Binhai New Area, You added. The total industrial output value accounted for 1/4 of Tianjin and 1/2 of Binhai New Area.

TEDA also boasts optimized business environment, beautiful and livable surroundings, and significantly enhanced comprehensive strength.

According to You, over the next five years, TEDA will strive to develop into the central area of advanced manufacturing R&D base, the core area of beautiful Binhai New Area, and an upgraded national economic and technological development zone.

He noted that by 2027, the development area’s average annual growth rate of regional GDP will reach 7 percent, and the total volume will exceed 320 billion yuan ($45.28 billion), ranking among the top in the national economic development zones.

TEDA will make greater efforts to become a core area of the Beijing-Tianjin-Hebei coordinated development strategic cooperation functional zone, a reform and opening- up pioneer area, a central innovation zone of Tianjin Binhai New Area, and an advanced manufacturing R&D base center with a modern industrial system, the director said.

By 2027, the development area will be home to over 2,000 Beijing-Tianjin-Hebei collaborative projects with investments exceeding 100 billion yuan.

The total import and export volume will reach 337 billion yuan, the sales revenue of commodities above designated size will attain 670 billion yuan, and the actual use of foreign capital will amount to $2.3 billion.

In addition, by 2027, TEDA is expected to have 1,700 national high-tech enterprises and 210 R&D institutions above provincial level. The turnover of technical contracts will exceed 20 billion yuan, the proportion of R&D investment in GDP will be at 3.85 percent, and the total number of high-skilled personnel will surpass 63,000, he added.

Focused on the supporting industries such as automotive equipment, electronic information, medical health, and new chemical materials, TEDA will also accelerate the development of emerging industries, including digital economy, intelligent manufacturing, new energy, and biological manufacturing.

By 2027, the total output value of industrial enterprises above the designated size is expected to exceed 800 billion yuan, and the added value of industrial strategic emerging industries will account for 46 percent of the total added value of the industrial enterprises above designated size, he said.