The establishment of Tianjin Economic and Technological Development Area (TEDA) was given government approval on December 6, 1984. One of the country’s first state-class development areas, TEDA has developed into one of the country’s most influential hotbeds for high-tech and new industries. But TEDA has a more ambitious goal for the new century: to build “Asia’s biggest and China’s best modern industrial area in the 21st century”.
Now, over 3300 foreign companies have settled down in TEDA. Their total investment amounts to 15 billion US dollars, including such well established multinational giants as Motorola, Nestle, SEW, and Novonordisk. These companies have contributed to the booming development of four key industries: electronics and communications, food, machinery and pharmaceuticals. Vigorous economic growth has ranked TEDA among the best in the country's economic development areas, making it a spearhead of the "coastal new development areas". As an important economic growth point of Tianjin, TEDA has a strategic long-term vision of becoming a "modern industrial area which is the biggest in Asia and the best in China". This vision is a guideline for TEDA's new promising journey towards bigger success. New projects for upgrading the investment environment, the natural environment and the qualifications of people have been initiated in all realms. In the not distant future, a better TEDA based on modern industries, modern management techniques and modern urban philosophies will be coming onto the stage.
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