(Enorth.com.cn)By gripping the opportunity of development and opening up of Binhai New Area, Tianjin has realized better and faster economic development through big project construction and industrial upgrade. Meanwhile, the people’s livelihood and various social undertakings are also improved.
Although iron & steel industry is an industry seriously influenced in the financial crisis, and amid the recession of the overall sales of iron & steel products, Tianjin’s high-end iron & steel products as cold-rolled strip and seamless steel pipe enjoy a good sale despite the bad market situation.As one of the first batch of key industrial projects, Tiantie’s cold-rolled strips project has integrated the most advanced production equipment and cold-rolled technology in the world and the thickness of the special thin strip is only 0.25 mm.
Since 2007, Tianjin initiated 80 key industrial projects, 20 key service-related projects and 35 projects for independent innovation. In 2008, Tianjin’s economic growth rate was 16.5%, being at the front in the whole country.
At the time of ensuring sustainable economic growth, Tianjin also allots 80% of its fiscal expenditure to medical care and health, education and culture undertakings having close relation with the livelihood of the people. In 2009, Tianjin newly increases 40 billion yuan to improve people’s livelihood and social undertakings.