The third growth pole of China
This chapter discusses the modern economic development of Tianjin, China’s third largest city. Historically a key hub linking economic activities between the north and south of China, Tianjin became a municipality directly under the control of the central government on the founding of the People’s Republic of China in 1949. Tianjin is one of the earliest coastal cities in north China to open up to the outside world in modern times. Tianjin’s per capita GDP reached $14,000 in 2011. More than 20,000 foreign enterprises have invested in the city. Among the world’s top 500 enterprises, 168 have set up shop in Tianjin, illustrating that the city continues to be a vital link between China and the international market place.
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