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Tianjin Port Free Trade Zone: Rapid growth of industrial production and Enhanced Vitality of Private Economy

Release date:2021-07-07    
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  •   This year, Tianjin Port Free Trade Zone took "doing practical work and taking the lead" as the overall concept, constantly strengthened the "hard support" of manufacturing industry, adhered to the strategy of "strong zone in manufacturing", and built well the "ballasting stone" for economic development. In the first quarter, the industrial output value of enterprises above the designated size in the Zone reached RMB 35.92 billion, with a year-on-year increase of 48.4% and an increase of 26.7% over the same period in 2019. All key industries had positive growth. The equipment manufacturing industry realized a total output value of RMB 9.48 billion, with a year-on-year increase of 44.9%. Within that industry, the growth of automobile parts, electric equipment, special machinery and marine equipment increased by 88.6%, 49.4%, 37.9% and 24.6% respectively. The aerospace industry continued the improvement trend, and the production of Airbus gradually recovered. Driven by the price rise, the output values of petrochemical industry and food and beverage industry had double-digit growths, and the growths of key enterprises such as Bohai Chemical Yongli, Jinfa Materials and COFCO Jiayue were gratifying. In addition, the high-end industry of the Zone had accelerated development, and the growth of leading industries was further accelerated. Industries such as new energy vehicles, medical equipment, and new materials grew rapidly, with the output value increased by more than 50%. Among them, the output value of new energy vehicles increased by more than 70% and that of transportation equipment manufacturing increased by 90%. The profits of 60% enterprises above designated size had increases, and the enterprises had obviously improved benefits.

      In the first quarter of this year, while the industrial production of the Zone increased rapidly, the vitality of private economy was also increasing. Since the beginning of this year, Changyi Aluminum Mold has cooperated with its industrial partners to vigorously promote the turnover renovation and use of aluminum formwork, and built a new turnover business model based on the overall demand and development strategy of the company. At the same time, the online process of supply, storage, logistics and business settlement was launched, which transformed and promoted the traditional development of the construction industry toward information technology and intelligent manufacturing. In the first quarter, the operating income of Changyi Aluminum Mold had a high-speed growth as compared with the same period last year. It is learned that in the first quarter of this year, 913 additional private market entities were established in Tianjin Port Free Trade Zone, the private enterprises achieved an increase of 62.5% in the total industrial output value, the trade sales increased by 133.5%, the income of the profit-making service industry increased by 132.1%, and the operating income of the transportation industry increased by 86.5%.


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