Tianjin
Tianjin is known as the heavy industrial base of Northeast China.
Economic Zones for Tianjin include:
- Tianjin Economic-Technology Zone
Prioritized Industries: automobiles, electronics, petrochemical products, metallurgy, medicine and energy. These key industries accounted for 26.5 percent of the city’s gross industrial output value in 2004.
Advantages: Part of the Bohai Bay region and its export-processing center. Tianjin is one of only four municipalities directly administered by the central government. Foreign-invested enterprises account for 49% of gross industrial output.
Disadvantages: Hefty regulatory barriers to entry for SMEs.
Statistics
- Average annual per capita GDP $5,251
- Population 6 million
- Imports from the U.S. $4.37 billion
From the book:
“Known as a heavy industrial base for northeast China, Tianjin’s barriers to entry against SMEs are unique: there is a $200,00 minimum capital requirement, which inhibits smaller firms from entering the market. That being said, Tianjin is an export processing center for a wide range of products. Key industries include automobiles, electronics, petrochemical products, metallurgy, medicine, mechanical industries, and new energy sources. Other industries include advanced building materials, plastic products, consumer durables, and food and beverage packaging. Foreign-invested enterprises account for 49 percent of gross industrial output.”