Binhai New Area marks 20 years of opening-up drive

Tianjin Binhai New Area marked its 20th anniversary this week. The port district has grown into a major gateway with nearly 800 billion yuan in annual GDP.

Binhai New Area marked its 20th anniversary on Tuesday. The district now connects more than 500 ports in 180 countries and regions. China’s decision to eliminate tariffs on imports from 53 African nations since May 1 has boosted cargo traffic, including new routes to South Africa.

Airbus operates two A320 final assembly lines in the area. Roughly one in four Airbus aircraft delivered overseas in 2024 came from Tianjin. Katharina Wunderlich, general manager of Airbus Tianjin Final Assembly, said the lines provide key flexibility for global demand.

Boeing Tianjin Composites sources nearly half its materials locally. Danish firm Novo Nordisk has invested over 10 billion yuan there for more than three decades. The area hosts 247 Fortune Global 500 companies and cumulative foreign investment exceeding 100 billion U.S. dollars.

The China-Singapore Tianjin Eco-City, launched in 2008, has set green building standards later adopted by Britain and Denmark. Tianjin Juilliard School, opened in 2021, has graduated 185 master’s students from 23 countries.

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Zhao Leji speaking at Boao Forum for Asia, vowing further opening-up amid international delegates.
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Zhao Leji vows further opening-up at Boao Forum

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Zhao Leji, chairman of China's National People's Congress Standing Committee, reaffirmed commitments to high-standard opening-up and domestic demand in a keynote speech Thursday at the Boao Forum for Asia Annual Conference 2026 plenary. The event in Boao, Hainan province, themed "Shaping a Shared Future: New Dynamics, New Opportunities, New Cooperation," drew over 1,600 representatives from more than 60 countries and regions.

Shanghai's municipal government held a news conference to announce the start of the 2026 Shanghai Global Investment Promotion Conference on March 14, lasting a week. The event aims to enhance the business environment and government services to build stronger industrial chains. Officials and executives highlighted new platforms for emerging technologies to attract investments.

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Following the December 2025 launch of island-wide special customs operations, Hainan Free Trade Port reported strong growth in foreign investment and tourism in 2025, as highlighted in the 2026 Government Work Report. Officials emphasized continued reforms to position Hainan as a key hub for China's opening-up.

The Ethiopian Airlines Group and Ministry of Finance held high-level talks with the Bank of China over financing the $12.5 billion Bishoftu International Airport project. The April 1, 2026 meeting aims to strengthen the financial package, with the African Development Bank leading as arranger.

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China's State Council unveiled a blueprint on Tuesday aiming to grow its service sector to 100 trillion yuan (US$14.7 trillion) by 2030, fusing software and steel to modernise advanced manufacturing and avert deindustrialisation. The plan spotlights 'producer services' such as specialised logistics, information technology and advanced research. Analysts say it will cultivate world-class Chinese brands and shore up the industrial backbone.

The 139th Canton Fair opened in Guangzhou on April 15, setting records despite Middle East tensions disrupting travel. It features over 32,000 companies, 75,700 booths and a 1.55 million square metre area. Exporters voice concerns over geopolitical risks affecting Europe and emerging markets.

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China’s long-delayed Goldin Finance 117 skyscraper in Tianjin is nearing completion after nearly a decade of dormancy. Workers began installing a diamond-shaped crown on the 596-metre tower late last month, marking a key milestone since construction resumed last April. The state-backed revival aims to stabilise the fragile property market.

 

 

 

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