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27.Tianjin has become an important destination in North China to attract investment from Taiwan Province. About 2,000 Taiwan enterprises have invested in Tianjin
http://www.tj-summerdavos.cn    2008-09-19 11:53

As the largest coastal city and the economiccenter of North China, Tianjin plays an essentiallycrucial role in economic exchange and cooperationbetween the two sides of Taiwan Straits.With the opening up of the Binhai New Area,economic cooperation and personnel exchangebetween Taiwan and Tianjin have kept increasing.Tianjin is considered by Taiwan enterprisesas one of the most important destinations fortheir investments in North China.

By the end of June 2008, 1,996 Taiwan-funded enterpriseshave been approved by Tianjin MunicipalGovernment. Value of contracts signed with Taiwanenterprises reaches US$ 5.538 billion. About5,000 Taiwan businessmen are living in Tianjin.

Tianjin Municipal Government always attachesgreat importance to Taiwan residents living inTianjin, focusing on providing excellent servicesto Taiwan enterprises, protecting legitimaterights of Taiwan businessmen according to lawand promoting common economic prosperity inboth Tianjin and Taiwan. In 1996, the Tianjin governmentpromulgated Implementation Measuresfor the Law of the People’s Republic of China onProtection of Investment by Compatriots fromTaiwan. Besides, it also worked out relevantmeasures convenient for Taiwan compatriotsto receive satisfactory medical care service andeducation in Tianjin.

Ting Hsin International Group, famous for itsMaster Kong instant noodles, has grown up inTianjin TEDA. During the period of 1988 to 2005,total investment in the mainland from the Grouphas accrued to RMB 18 billion yuan. In 2007,sales of Ting Hsin reached 35.1 billion yuan.

As the opening-up of the Binhai New Area wasadmitted into national development strategy,Tianjin is facing a precious developing chance,which occurs only once in a thousand years andenables the city to become a hot spot for overseasinvestment.

Exchanges in different fields between Tianjin andTaiwan are on a rapid increase, and economiccooperation is deepening all the time. In 2007,delegations leaded by Lien Chan and Chiang Pinkungpaid a visit to Tianjin. In August, 2008, WuPo-hsiung came to Tianjin for a visit. All of themhad made constructive suggestions on economiccooperation between Tianjin and Taiwan.Headed by Taiwan Business Association, morethan 100 chairmen from various Taiwan organizationsvisited the Binhai New Area. Directorsof Taiwan Federation of Industries, Federationof Commerce, Taiwan Electrical & ElectronicManufacturers’ Association and Taipei ComputerAssociation headed delegations to Tianjinone after another. A new round of economic andtrade exchanges in Tianjin and Taiwan will beexpected in the near future.

In 2007, 75 more Taiwan-invested enterprises wereapproved by Tianjin Municipal Government and43 more increased their investment. Value of contractssigned with Taiwan enterprises in the periodreached US$ 522 million. From January to June2008, the Tianjin government approved 14 moreTaiwan-funded enterprises and confirmed 10 moreincreasing their investment in Tianjin. Value of contractssigned with new Taiwan enterprises or thoseincreasing investment amounts to US$ 229.1847million, up 19.04 percent year-on-year.

The lion-share of Taiwan investment in Tianjingoes to the manufacturing industry, the numberof which takes up 60 percent of Taiwan enterprisesin Tianjin. Representative enterprises suchas Foxconn, SMIC and MasterKong have maderemarkable achievement in the Tianjin market.

With the admission of development of BinhaiNew Area into national strategy, Tianjin MunicipalGovernment makes full advantage of the nationalpolicy to carry out comprehensive and experimentalreforms first and foremost so as to furthereconomic exchange and cooperation acrossTaiwan Straits. The Binhai New Area has becomea region with intensive Taiwan investment. Atpresent, there are more than 900 Taiwan enterpriseslocated in the Binhai New Area, taking up50 percent of all enterprises of this kind in Tianjin.Value of contracts signed with Taiwan enterpriseswithin the Binhai New Area takes up 70 percent ofthe total Taiwan investment in Tianjin.

Taiwan enterprises have made a great contributionto the economic development of Tianjin. Since1994, taxes paid by these enterprises have exceededRMB 5 billion yuan. On the other hand, 170,000job opportunities have been created by them.


From:Enorth.com.cn    Editor: Zhao Jing
 
Preparatory & Coordination Committee of Annual Meeting of the New Champions 2008