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Outbound Investment Achieves Remarkable Results of Tianjin in China

SOURCE:DOINGBUSINESSINCHINA.ORG   TIME:2016-08-06

 

Outbound Investment Achieves Remarkable Results of Tianjin in China



 
Trade Scale Expands Continuously 
In recent years, Tianjin’s foreign trade has achieved compelling results. The foreign trade dependency (a ratio of total sum of foreign trade to the city’s gross domestic product) rises from 86.9% in 2014 to 118.7% in 2016. The export dependency (a ratio of total sum of exports to the city’s gross domestic product) rises from 43.6% to 61.7%, up 18.1%. Foreign trade plays a more and more important role in driving Tianjin’s national economy.
 
Processing Trade is Still a Main Trade Method
As to the trade methods, most of Tianjin’s foreign trade is still in the form of processing trade presently while common trade occupies a small proportion.
 
Import and Export Market Diversifies
In recent years, Tianjin has been positively implementing the “Market Diversification” strategy, therefore maintaining a high growth of export to the traditional markets and rapidly opening up the rising markets. At present, Tianjin has established trade relationship with more than 200 countries and regions allover the world. At the same time when a high growth of export to traditional markets like the European Union, the United States and Japan is maintained, the rising markets such as Africa, Latin America, Middle East, Russia and east Europe are also opened up. In 2015, Tianjin’s export value relating to main trade partners such as the United States, the European Union, ASEAN, Japan, South Korea and Hong Kong is USD 97,823 million, occupying for 83.0% of the total export value.
 
Structure of Commodity is being Continuously Optimized
At present, the structure of Tianjin’s export commodities is being continuously adjusted and optimized, and the commodity export is developing in the direction of fine processing, deep processing and high added value with their quality steadily increasing and the brand effect appearing. A system of export communities possessing high added value and comparative advantages has taken shape, in which mechanical and electrical equipment, textile, clothing products constitute a main part.



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