40 years of Teda: China's flagship region for innovation and growth!

40 years of Teda: China's flagship region for innovation and growth!

Tianjin, China - The Tianjin Economic Technological Development Area (Teda) in China celebrates its 40th anniversary in 2024 and thus marks a remarkable transformation from a barren salt alkali wasteland into one of the most important economic areas in the country. Founded in 1984 with the approval of the Chinese State Council, Teda has developed into the first national economic development zone of the People's Republic and today offers one of the cheapest investment conditions across China. According to reports from OTS has an area of ​​403 square kilometers, on which 53.400 companies settled are. By the end of 2023 alone, TEDA made $ 69.58 billion in foreign investments, including 573 projects of 124 Fortune 500 companies.

a center for innovation and progress

Teda has developed into a pioneer for reforms and opening in China. The region's industrial cluster, which includes important sectors such as automobile, IT, new chemical materials and biopharmaceuticals, has established Teda as the leading location for industrial innovation. With the highest efficiency, TEDA is integrated into government structures and offers excellent consulting services for companies. Like Exploringtianjin.com reports companies in Teda benefit from a variety of developmental incentives, including a well-approved 100-day period from country use to operation.

In addition to the creation of a first market and investment climate, TEDA also set standards in the establishment of legal regulations, including the creation of specialized economic dishes. The achievement of 30 national green factories and the focus on sustainable development further emphasize Teda and show the commitment to an environmentally friendly industrial development. The success of TEDA is proof of innovative government and a role model function for China's modernization and economic transformation. With these achievements, TEDA remains a decisive player in promoting internationalization and a strong economic network for foreign investors.