Since the beginning of this year, as a “big economic area” of Tianjin, Binhai New Area has maintained a good momentum of growth in main economic indicators, and made a good start. In the first quarter, Binhai New Area recorded a year-on-year increase of 5.3% in regional GDP, an increase of 8.8% in fixed asset investment, an increase of 2.6% in gross industrial output value of enterprises above designated size, and an increase of 3.2% in goods sales above the cut-off point. Binhai New Area continues to optimize its economic development structure and quality. By striving for economic growth, grasping development opportunities and winning the initiative, it made a good start and will create prosperity throughout the year. In the inspiring spring, Binhai New Area handed in a brilliant report card on economic indicators and figures, which sent a signal of high-quality development: growing “quantity” and improved “quality”.

It is reported that Binhai New Area has strengthened the cultivation of science and technology enterprises. At present, there are more than 5,000 national high-tech enterprises, and in the first quarter, 1 new national key laboratory and 3 national single champion enterprises were settled in the Area. In addition, Binhai New Area continues to optimize the innovation environment, and sees a total transaction volume of technology contracts of RMB 17.04 billion, up 15.8% year on year.

Investment promotion is the “lifeline” of economic work and the motive power to impel development. In the first quarter of this year, Binhai New Area strode out to cooperate with international enterprises such as Conocophillips, Honeywell, Samsung Electro-Mechanics and Price Waterhouse Coopers, promoted the landing of quality projects, raised funds of RMB 61.35 billion for industrial projects, and actually utilized foreign capital of 1.89 billion US dollars; and continued to unleash the potential of private investment, up 24.3% year on year.

High quality investment promotion should ultimately landed on projects. Binhai New Area has pressed the “fast forward” button for the construction of major projects and continuously expanded industrial investment. In the first quarter, the industrial investment reached RMB 30.75 billion, up 10.5% year on year. 449 key projects, including Tsinghua Unigroup’s Enterprise Business Cloud Center, and Airbus Tianjin’s second final assembly line of A320 series aircraft, started or resumed construction; and 22 projects, including FAW-Volkswagen’s technical transformation of automotive type with an annual output of 200,000, were completed. It is worth mentioning that Binhai New Area has continued to enhance its project planning ability, and introduced 46 new planned projects with a total investment of RMB 41.38, including 10 projects with an investment of over RMB 1 billion.

From increasing innovation drive, improving the innovation capacity of high-tech enterprises, making emerging industries grow, to accelerating the upgrading of traditional industries, optimizing the industrial structure, promoting the replacement of old growth drivers with new ones, making the traditional industries “sprout”, then to implementing the urban renewal action, promoting urban upgrading through in-depth port-industry-city integration, and injecting new vitality into social development...Binhai New Area enables industrial renewal through scientific and technological innovation, promotes economic quality improvement through industrial renewal, and accelerates organic cycle through urban renewal, to make science and technology, industry and city closely interact and support each other, and give rise to more new industries, new forms and new models.

According to the principal of Binhai New Area, Binhai New Area has deeply excavated the regenerative value of stock resources, actively introduced and cultivated high-tech and high-quality projects, made full use of all kinds of superior resources, revitalized the stock, cultivated the increment and improved the quality, so as to optimize the distribution of productive forces and lay a solid foundation for economic growth.