Tianjin's Jinghai district hosts a project signing ceremony at the Ziya Economic and Technological Development Zone in Jinghai district.
The signing ceremony for the first quarter of 2025's new quality productive forces projects and the commencement ceremony for key projects were held at the Ziya Economic and Technological Development Zone in Tianjin's Jinghai district on Feb 21.
During the event, 22 projects were signed with a combined investment exceeding 6.3 billion yuan ($869.29 million) while construction commenced on 14 projects with a total investment of 35.8 billion yuan.
Notably, eight of the signed projects boasted investments exceeding 100 million yuan, covering various fields such as circular economy, new materials, intelligent manufacturing, and biopharmaceuticals.
During the ceremony, Zhao Hongyu, director of the Investment Promotion Bureau of Jinghai district, stated: "The private economy has always been the 'main force' driving the high-quality development of Jinghai, contributing over half of investments, over 60 percent of technological innovation achievements, and over 70 percent of the regional GDP. Jinghai will further deepen cooperation with more enterprises, provide comprehensive services, and make every effort to promote the high-quality development of the private economy".
The signing and commencement of these projects have signified a solid step forward for Jinghai district in promoting industrial transformation and upgrading, nurturing new quality productive forces, and injecting strong momentum into the high-quality development of the regional economy.