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The per-capita gross domestic product (GDP) in Tianjin, north China's largest port city, is expected to reach US$3,000 in 2003, acting mayor Dai Xianglong predicted at the 14th Tianjin Municipal People's Congress Thursday.
Dai, the former central bank governor, said, Tianjin would soon set up the largest petro-chemical and marine chemical bases in China, thanks to its abundant ocean resources and convenient sea transport.
Tianjin will also launch a host of projects involving the industrialization of high technologies. Great efforts will be made to set up bases for the telecommunications industry, manufacturing and automobile production in the city.
Moreover, Dai said, the municipal government would encourage the growth of small and middle-sized as well as private companies. By 2007, he added, the total output value of the collective private economy would top one-third of the city's GDP.
(Xinhua News Agency January 24, 2003)
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