Tianjin's Hedong sets out on exciting five-year path

Hedong district of Tianjin sees itself as innovation-centered, livable, culturally abundant and booming with business in five years.

As a vital part of Tianjin's urban center, the district aims to connect Beijing and the costal Binhai New Area to form a financial innovative synergy.

In the following five years, it will leverage six pillar industries as economic drivers: innovative applications of information technology, a platform economy, technological finance, attracting headquarters, new energy and new materials and cultural tourism.

The district plans to make full use of its riverside buildings and the trade zone to develop its economy.

It will add high-end commercial buildings of 550,000 square meters to strengthen the roles that could be played by regional business centers and business complexes in attracting leading market players to the district.

The district has actively integrated itself with Beijing-Tianjin-Hebei's coordinated development and has played an important role in undertaking Beijing's non-capital functions.

Hedong has established its investment service center in Beijing to ensure that more than 200 companies from the capital and Hebei and more than 200 companies in dominant industries will be established throughout the year.

The local authorities will continue to reform and improve its business environment, effectively reducing red tape in a bid to improve administrative efficiency.

To enhance living standards in the following five years, the government will implement 20 public interest projects, complete the upgrading and renovation of 45 old communities, and add two elder-care institutions and 1,080 compulsory education opportunities.