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A good investment environment of China's northern port city Tianjin has helped the city create 739 new foreign-invested projects in the past eight months, an increase of 16.7 percent over the same period of last year.
These projects provided the city about US$3.9 billion of contracted foreign investment, a year-on-year growth of 54.7 percent, said the municipal bureau of statistics.
Among the 739 projects, there are 204 key projects each with an investment more than US$5 million, 71 more than the same period of last year.
The city's manufacturing industry is the main attraction for foreign investment, especially the production of high technologies, said the municipal bureau of statistics.
From January to August this year, foreign investment flowed into the manufacturing industry has increased 56.9 percent during the same period last year.
In addition, the city's tertiary industry, such as the retailing, catering and real estate, is increasingly attracting foreign capital.
Latest statistics show that in the first eight months of this year, the tertiary industry of Tianjin has introduced a total of US$1.28 billion, an year-on-year growth of 39 percent.
Source: China Daily
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