Tianjin
Binhai area plans huge GDP growth
By Wang Yu and Wang Xiaohan (China Daily)
Updated: 2010-01-20 07:38
 |
Large Medium Small |
|
 |
|
China Petroleum & Chemical Corporation's ethylene plant, with an annual capacity of 1 million tons, was put into operation in Tianjin Binhai New Area on Jan 16. About 34 billion yuan ($5 billion) has been invested in the project. [China Daily] |
Tianjin Binhai New Area officially streamlined the administrative structure and functions of three former municipal districts of Tianjin - Tanggu, Hangu and Dagang - this month, after getting a nod from the State Council.
The new area has set a bold target of a 24.5-percent year-on-year GDP growth for 2010, and a yearly industrial output growth rate of 25 percent.
|
 |
| Zong Guoying |
This year, Tianjin will strive to put 350 billion yuan of investment in place, facilitating various key projects, either related to innovation, the second industry or the service industry, Zong said.
Tianjin Mayor Huang Xingguo stressed in his Government Work Report to the congress that at least 320 major industrial projects will be facilitated and constructed in the new area in 2010, involving a total investment of 150 billion yuan.
Huang mentioned several leading projects, such as the next-generation carrier rocket base, which will produce rockets for China's Lunar exploration project, the helicopter assembly hub that will boast an annual capacity of 300 helicopters by 2017, the aircraft wing assembly, the Guangang eco-tourism park, and the Sino-Russian oil refinery.
|
||||
"We will try our best to go beyond the expectations of the mayor and the government," Zong told China Daily.
Although official statistics are not available, the GDP of the new area is expected to hit 370 billion yuan in 2010, accounting for more than half of Tianjin's total.
Various policies and measures have been worked out to ensure that the area's targets are accomplished in line with the Government Work Report.
The reform of the new area was aimed at establishing a unified, efficient and effective administrative mechanism by bringing together the three existing districts of Tanggu, Hangu and Dagang. The reform has been designed to overcome the disadvantages, such as internal vicious competition, and duplications of administrative systems.
