Industrial parks offer chance for companies

Tianjin's Binhai New Area plans to build more industrial parks to help shift the non-capital function of Beijing and boost the coordinated development of the Beijing-Tianjin-Hebei region, the local government announced recently.

These include an industrial park built between the coastal area and Beijing's high-tech hub, Zhongguancun; an advanced industrial park through collaboration with the European Union Chamber of Commerce in China; a North China aviation center and a petroleum production center.

The Sino-European Regional Collaboration Park will focus on intelligent equipment manufacturing and an ocean economy.

The North China aviation hub will work with major airports in Beijing, Tianjin and neighboring Hebei province.

The petroleum center will attract companies from these areas and feature a waterway with a loading capacity of 100,000 metric tons, local officials said.

Wu Xiushan, deputy head of the development and reform committee of Binhai New Area, said that it provided 90,000 square meters for Zhongguancun Park alone last year. The park has attracted 941 companies with an investment of up to 10.4 billion yuan ($1.55 billion) so far.

"Binhai New Area is beefing up efforts to implement regional integration strategies to de-cluster Beijing's industrial burden" he said.

"Moreover, many companies once had a presence in Zhongguancun. So the new industrial parks in Binhai should help companies blaze new trails for growth," he said.

Statistics indicated that since 2015, the area has lured 1,699 projects with a combined investment of up to 392 billion yuan.

In 2018, the area attracted 591 such projects with investment of up to 115.5 billion yuan.

Yin Li, CEO of Tianjin Carale, said his company was set up in 2014 in Zhongguancun but moved to Binhai last year. He expects the new area to give more preferential policies to micro or small and medium-sized companies to help them with fundraising.

Jian Jiaqiang, general manager of Tianjin Port-Sunlon Agricultural Products Import and Export, said as the company is catering for a construction team from China Xiongan Construction Group, the logistics will be demanding.