What is Tianjin, China
Tianjin is a municipality in northern China, just south-east of Beijing, on the bay of Bohai. With a growth rate that has exceeded 10% every year since 2004, it is one of the fastest growing large cities in China and in the world, and has the highest GDP per capita income in mainland china. Tianjin's diversified economy comprises many sectors, including high tech, manufacturing, telecommunications, shipping and logistics, oil aerospace, tourism and agriculture. It is being developed as the next major economic zone in the North-East of China, similar to that in Shenzhen and Shanghai. While Tianjin is primarily known for its manufacturing and technological prowess, the development of Tianjin's new Binhai lays the groundwork for the municipality to become China’s largest financial center.
BREAKING DOWN Tianjin, China
Tianjin has the fourth largest port in the mainland of China. In the 21st century, Tianjin has grown rapidly into a modern metropolis of nearly 15.5 million people with a gross domestic product (GDP) of USD $275 billion. Over 110 top international companies (for example, Boeing, Airbus, Toyota and Samsung) have operations in Tianjin. Agriculture as a share of output has declined with the rise of manufacturing as the most important industry. Tertiary industries such as the financial services are also rapidly growing. In 2017, per capita GDP in Tianjin was the highest in mainland China.
Key Facts About Tianjin, China
- Tianjin is the fourth largest city in China by population, after Shanghai, Beijing, and Guangzhou.
- In terms of administrative area population, Tianjin ranks fifth in Mainland China.
- The walled city of Tianjin was built in 1404, and since 1860, Tianjin has been a major seaport and gateway to Beijing.
- During the Boxer Rebellion, the city was the home of the Tianjin Provisional Government.
- Under the Qing dynasty and the Republic of China, Tianjin became one of the largest cities in the region. At that time, numerous European-style buildings and mansions were constructed in concessions, many of which are well-preserved today.
- After the founding of the People's Republic of China, Tianjin suffered a depression due to the policy of the central government and Tangshan earthquake, but it recovered in 1990s.
- Modern Tianjin has two primary centers, with its main urban area (including the old city) located along the Hai River, which connects to the Yellow and Yangtze Rivers via the Grand Canal; and Binhai, a new urban core located east of the old city, on the coast of the Bohai Gulf.