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Tianjin Binhai New Area exemplifies China’s reform and opening-up

Date: October 12, 2019 Author: AsiaNet Pakistan Category: General Press Release Tags: Short URL Comments: 0

TIANJIN, China, Oct. 11, 2019 /Xinhua-AsiaNet/– Over the past four decades, Tianjin Binhai New Area, undertaking a national strategy, has written a new chapter of contributions to the country by riding the tide of China’s reform and opening-up.

In 1984, when the reform and opening-up drive just began, Deng Xiaoping wrote seven characters in the Tianjin Economic-Technological Development Area (TEDA).

The saying of “Development zones have huge potential” became household across the country. Since then, TEDA, as one of the country’s first batch of development zones dedicated to opening-up, has embarked on a fast track of development.

In 1991, Tianjin Port Bonded Zone was approved as the earliest comprehensive bonded zone in north China. After Deng Xiaoping’s tour in South China in 1992, the country’s reform and opening-up entered a new historical stage, prompting the open economy to take root in eastern Tianjin. In 1994, Tianjin established the Binhai New Area by building on the development zone and the bonded area.

Binhai New Area was incorporated into the national strategy in 2006, becoming a comprehensive supporting reform pilot area and the gateway to the opening-up of north China and entering a new fast lane of growth. Binhai New Area has carried out a string of reforms in many aspects. In 2014, three districts in the new area became the first free trade zone in north China to pioneer the exploration of the country’s further opening-up.

Along with the great course of China’s reform and opening-up, Binhai New Area has actively explored for the country’s further opening-up over the past 40 years, rising to be a star region in north China.

Source: Media Convergence Center with Tianjin Binhai New Area