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Comprehensive Development Level of TEDA a Front-runner in China

02-03-2021

On January 27th, the Ministry of Commerce announced the assessment results of comprehensive development level of national-level economic development zones in 2020. Tianjin ranked first in actual utilization of foreign capital and ranked the third in comprehensive development level.


As a national open platform and industrial agglomeration area, the national-level economic development zones are pioneers of opening to the outside world and the growth pole of regional development. The rank shows that these development zones together account for more than one tenth of China’s total economic output, and the total import and export volume and total foreign investment both account for more than 20%, thus enhancing the leading role of opening up. Especially, the GDP of industrial parks in Suzhou, Tianjin, Guangzhou and Qingdao all exceeded 200 billion yuan.


Since 2016, the Ministry of Commerce has organized the assessment of the comprehensive development level of national-level economic development zones every year, and a good development pattern of catching up with each other and innovating and upgrading has been formed among the development zones. Since last year, facing the impact of COVID-19, the national-level economic development zones have focused on the prevention and control of the epidemic,  economic development and stabilization of the base of foreign trade and foreign investment.

Zong Changqing, director of the Foreign Investment Department of the Ministry of Commerce, said that the Ministry of Commerce will strengthen work guidance, support eligible national-level economic development zones to build international cooperation parks at a high level, strengthen international exchanges and cooperation, and create a high-quality open platform.


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