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Equipment manufacturing is projected to have an output value of 300 billion yuan by 2015, with 50 additional enterprises exceeding 1 billion yuan in annual output. TEDA is expected to be one of China's hubs for equipment manufacturing and research at that time.
By 2010, output of TEDA's electronic and information industry is projected to increase by 100 billion yuan over its 2005 figure to hit 230 billion yuan, accounting for 45 percent of TEDA's industrial output at that time. Revenues by 2015 are expected to double the figure of 2010 to reach in 460 billion yuan, according to TEDA's development plan.
Plans call for the TEDA's biopharmaceutical industry to generate a value of 15 billion by 2010, then grow rapidly to 50 billion yuan by 2015.
As a key component of alternative energy, wind power equipment made in the area is projected to generate 30 to 45 billion yuan in revenues by 2015.
TEDA's automotive industry will have future output valued at 250 billion yuan by 2015, according to the blueprint, accounting for about 23 percent of the area's overall industrial revenues.
TEDA was established with 33 sq km in Tianjin as part of the nation's opening-up policy. In 2003 it was extended westward over an additional 48 sq km. It also has three satellite developments - the Micro-Electronics Industrial Area, Yixian Scientific and Industrial Zone and a chemical industrial area.
The GDP of TEDA reached 106.6 billion yuan in 2008, a year-on-year growth of 23.1 percent. The added value of secondary industries was 86 billion yuan in 2008, accounting for 80.7 percent of TEDA's value created that year.
By the end of last year, TEDA was home to 4,618 foreign-funded companies that had invested a total of $47.4 billion.
Of them, 157 businesses and projects were backed by 76 Fortune 500 companies.
TEDA authorities said they have created a friendly investment environment by introducing modern management philosophies and top infrastructure.
As a pilot area in China's reform and opening up, TEDA has ranked at the top of a list from the Ministry of Commerce for its "comprehensive investment environment in China's State-level economic and technological development zones" for 10 consecutive years.
(China Daily 06/29/2009 page11)
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