Binhai New Area, a key economic development zone in China

Updated: 10 May 2011
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Tianjin Binhai New Area
 
Binhai New Area, short for Binhai is a major economic development zone within the jurisdiction of Tianjin municipality in China. Binhai New Area locates on the east coast of Tianjin and center of Circum-Bohai-Sea Region.Binhai New Area is a new growth pole in china, and maintain an annual growth rate of nearly 30% of the GDP.As of the end of 2010, 285 Fortune Global 500 companies invest and establish branch offices here. Binhai is the base of China's advanced industrial and Financial reform and innovation. Transnational corporations here can enjoy the lowest tax rate of China and highest rate of economic growth.It the reason why Rockefeller, TISHMAN SPEYER, Motorola, Airbus and other famous companies build a branch here. For instance, EADS Airbus has already opened an assembly plant for its A320 series airliners, operational since 2009. It is to emulate operations seen in Shenzhen and Pudong, Shanghai. It is a Special Economic Zone (SEZ) in the PRC, and experimental reforms are taking place throughout the zone.

Starting from November 2009, Binhai New Area was consolidated into a district, and the former subordinate districts of Tanggu, Hangu and Dagang were abolished. Nowadays Binhai New Area consists of nine functional zones namely Advanced Manufacturing Zone, Airport-based Industrial Zone,Binhai High-tech Industrial Development Zone, Seaport-based Industrial Zone,Nangang Industrial Zone, Seaport Logistics Zone, Coastal Leisure & Tourism Zone, Sino-Singapore Tianjin Eco-City and Central Business District. In addition, Tianjin Port whose throughput ranks 5th in the world also locates in here.
 
Location
Tianjin Binhai New Area is located in the eastern end of the center of the Bohai Sea region. Binhai New Area, with area of 3,000 square kilometers, has a coastline of 153 kilometers, with 700 square kilometers of with water and wetlands.

Natural resources
Binhai New Area have 700 square kilometers of with water and wetlands; has 1,200 square kilometers of developing Saline land wasteland. Binhai New Area have total proven oil resources of more than 100 million tons and 193.7 billion cubic meters of natural gas.
 
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