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Tianjin Development Series: Look at this city!

The horizon is on its way of changing. When you looked around, it seems that you are in a prodigious construction spot: freeway and subway stretch among the city, while more and more Greenland appear, especially the night city, which is full of energy and livelihood. After several years¡¯culmination, Tianjin released its lights in a marvelous way.

Of course, it differs from the old image of Tianjin. In such a long time, Tianjin placed itself in a position of passerby instead of heading for its own dream. While highlights stay on the other cities, Tianjin remained its impression of a gray city without changes in its appearance. In a fast-speed society, it is easy for Tianjin to be ignored.

When we take a full-fledged view at Tianjin, this conclusion must be wrong. When people paid their attention to the other cities, Tianjin made its way to lay a solid fundament silently. News after news, when the changes really shows in our eyes, a developing Tianjin has undergone a sound alteration with an investment of 200 billion Yuan. The airport of Tianjin is the biggest freight transfer port, and the total length of freeway in Tianjin topped in the whole nation¡­¡­, which has step into a quick-changing period.

International Elements

The reform asked for the adjustment of strategies and structure of enterprises. At the same time, it is a sign of Tianjin¡¯s flexible and practical government policy in their choice. According to industrial economy theory, a motive for the development of a regional economy is a crowd of industries with high international rivalrousness.

A environment that suits investment benefits both the owner and investors. When multi-national corporations choose Tianjin, Tianjin made its way towards the world. Motorola increased its investment from $120 million at the first beginning to more than $3 billion, which is the largest investment scale in China. Toyota and Samsung also achieved their success here. To share the rapid-developing experience of china and the fast-growth of Tianjin became concrete and practical. Tianjin, with the large-scale foreign investment, their advanced technology and modern management concept, had achieved the reconstruction of state-owned enterprises and its traditional industries, which stimulate the potential energy in the state-owned companies and boost the acceleration of the technology. Thus Tianjin appear in the world economy.

The cooperation between Tianjin Elevator and Otis Co., marked the first foundation of joint venture in 1984. In 1994, Otis suggested to increase an investment of $10 million. What does it mean? The municipal government was clear about it. The $10 million will make the foreign investment account to 51% of the total capital. Consequently, domination of the corporation falls into the hands of foreign investors. It is unacceptable at that time. But if we want the core technology to maintain the development, it is the only way to lay before us. Special events should be treated specially. Tianjin municipal government nodded its head at last.

The decision immediately became the hot topic of property right and protecting national industry. What¡¯s the result? Number convinced you that it is a right choice of Tianjin. A two-digital growth about 12.2% began in 1993.

¡°Make a profit for those foreign investors¡±,¡°see in a long-term view, and calculate¡°,¡°We all that is a good project, if the project failed due to a person¡¯s failure, the one that made the mistake must take charge of the aftermath.¡±. Within its authority, Tianjin municipal government provided several special policy to enhance the effectivity in their daily work. Considering more for the foreign investors. These maybe the charming in absorbing foreign investment.