The Tianjian port free trade zone, the largest in north China,
reported a robust economic growth of 46.5 percent year-on-year in
2007, local authorities said.
The zone's gross domestic product reached a record high of 30
billion yuan (4.1 billion U.S. dollars) last year, said Feng
Zhijiang, the zone administrative commission's director.
The total industrial output value hit 39.6 billion yuan, up 55
percent.
Covering an area of five square kilometers at the Tianjin port,
the free trade zone has currently 2,000 registered trade companies
and 300 logistics firms.
Feng said the zone would strive for a 42 billion yuan GDP this
year.
China has about 15 free trade zones along its east-south coastal
areas. They enjoy a number of preferential polices in tariffs and
investment opportunities.
(Xinhua News Agency January 13, 2008)
