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Binhai New Area

Binhai New Area

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Binhai New Area,short for Binhai is a major economic development zone within the jurisdiction of Tianjin
Tianjin
' is a metropolis in northern China and one of the five national central cities of the People's Republic of China. It is governed as a direct-controlled municipality, one of four such designations, and is, thus, under direct administration of the central government...

 municipality in China. Binhai New Area locates on the east coast of Tianjin and center of Circum-Bohai-Sea Region.Binhai New Area is a new growth pole in china, and maintain an annual growth rate of nearly 30% of the GDP.As of the end of 2010, 285 Fortune Global 500 companies invest and establish branch offices here. Binhai is the base of China's advanced industrial and Financial reform and innovation. Transnational corporations here can enjoy the lowest tax rate of China and highest rate of economic growth.It the reason why Rockefeller, TISHMAN SPEYER , Motorola
Motorola
Motorola, Inc. was an American multinational telecommunications company based in Schaumburg, Illinois, which was eventually divided into two independent public companies, Motorola Mobility and Motorola Solutions on January 4, 2011, after losing $4.3 billion from 2007 to 2009...

, Airbus and other famous companies build a branch here. For instance, EADS Airbus
Airbus
Airbus SAS is an aircraft manufacturing subsidiary of EADS, a European aerospace company. Based in Blagnac, France, surburb of Toulouse, and with significant activity across Europe, the company produces around half of the world's jet airliners....

 has already opened an assembly plant for its A320 series
Airbus A320
The Airbus A320 family is a family of short- to medium-range, narrow-body, commercial passenger jet airliners manufactured by Airbus Industrie.Airbus was originally a consortium of European aerospace companies, and is now fully owned by EADS. Airbus's name has been Airbus SAS since 2001...

 airliners, operational since 2009.It is to emulate operations seen in Shenzhen
Shenzhen
Shenzhen is a major city in the south of Southern China's Guangdong Province, situated immediately north of Hong Kong. The area became China's first—and one of the most successful—Special Economic Zones...

 and Pudong
Pudong
Pudong |Bank]]") is an area of Shanghai, China, located along the east side of the Huangpu River, across from the historic city center of Shanghai in Puxi. Formerly a little-developed agricultural area linked only by ferries, Pudong has grown rapidly since the 1990s and emerged as China's financial...

, Shanghai
Shanghai
Shanghai is the largest city by population in China and the largest city proper in the world. It is one of the four province-level municipalities in the People's Republic of China, with a total population of over 23 million as of 2010...

. It is a Special Economic Zone
Special Economic Zone
A Special Economic Zone is a geographical region that has economic and other laws that are more free-market-oriented than a country's typical or national laws...

 (SEZ) in the PRC, and experimental reforms are taking place throughout the zone.

Starting from November 2009, Binhai New Area was consolidated into a district
District
Districts are a type of administrative division, in some countries managed by a local government. They vary greatly in size, spanning entire regions or counties, several municipalities, or subdivisions of municipalities.-Austria:...

, and the former subordinate districts of Tanggu
Tanggu
Tanggu DistrictChinese: s , p Tánggū Qū was a district in the Tianjin municipality on the coast of north China, now part of the newly formed district of Binhai. It is on the Hai River where it enters the Bohai Sea, and is a port for Tianjin, which is about 30 miles upriver...

, Hangu
Hangu
-Places:China*Hangu District, Tianjin, district in Tianjin, China*Hangu Pass, pass in ChinaPakistan*Hangu, Pakistan, town in Khyber Pakhtunkhwa Province*Hangu District , district in Khyber Pakhtunkhwa Province...

 and Dagang were abolished.Nowadays Binhai New Area consists of nine functional zones namely Advanced Manufacturing Zone, Airport-based Industrial Zone, Binhai High-tech Industrial Development Zone, Seaport based Industrial Zone, Nangang Industrial Zone, Seaport Logistics Zone, Coastal Leisure & Tourism Zone, Sino-Singapore Tianjin Eco-City and Central Business District
Central business district
A central business district is the commercial and often geographic heart of a city. In North America this part of a city is commonly referred to as "downtown" or "city center"...

. In addition, Tianjin Port whose throughput ranks 5th in the world also locates in here.

Location



The Tianjin Binhai New Area is located in the eastern part of the Bohai Sea region. The Binhai New Area has an area of 3,000 square kilometers, a coastline of 153 kilometers, and contains 700 square kilometers water and wetlands.

Natural resources


The Binhai New Area has 700 square kilometers of water and wetlands and 1,200 square kilometers wasteland is under development Saline land. The Binhai New Area has total proven oil resources of more than 100 million tons and 193.7 billion cubic meters of natural gas.

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