Tianjin Pilot Free-Trade Zone: Pioneering new models and fostering emerging industries
8 months ago

Tianjin Pilot Free-Trade Zone: Pioneering new models and fostering emerging industries

China Daily  

Established on April 21, 2015, the China Pilot Free-Trade Zone was the first such zone in Northern China. Covering 119.9 square kilometers, only one percent of Tianjin's land area, it contributes 30 percent of the city's total foreign trade volume and 40 percent of its actual utilization of foreign investments. Data shows that the scale of financing leasing in the Tianjin Pilot Free-Trade Zone exceeds 2.1 trillion yuan, accounting for one-fourth of the national total. The zone also includes commercial factoring businesses, with the total assets reaching nearly 300 billion yuan, accounting for 30percent of the national total. Parallel imported cars, another flagship business of the zone, accounted for over 70 percent of the national total cleared through Tianjin Port in 2023.

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