Open TEDA: North China's Tianjin nurtures global hub for international cooperation, investment

Core Insights - Tianjin Economic-Technological Development Area (TEDA) has achieved significant results over 40 years of development, becoming a key economic zone in China [1] - By the end of 2023, TEDA attracted 1,720 foreign-invested enterprises from 97 countries, including 124 Fortune Global 500 companies, with utilized foreign capital reaching 70 billion U.S. dollars [2] - Foreign-invested enterprises contribute nearly half of TEDA's GDP and over 70% of its industrial output [3] Investment and Economic Impact - TEDA has established the China-Egypt TEDA Suez Economic and Trade Cooperation Zone, which has seen enterprises invest 4.45 billion U.S. dollars overseas, demonstrating its global reach [4] - The area has implemented 110 reform initiatives through platforms like the free trade zone and comprehensive bonded zone, enhancing its role as a gateway for northern Chinese enterprises to expand internationally [5]