Efforts of Jinghai district in Tianjin to improve the business climate have yielded in more efficient government services, more market entities and enhanced development.

The district has rolled out pragmatic measures and established institutional tools resulting in a well coordinated government service, market environment, law-based governance and talent recruitment.

Jinghai has been committed to creating an efficient government environment. It has given towns and industrial parks the power to facilitate registration of enterprises. The average tax processing time has been reduced from 12 minutes to 7 minutes with optimized tax payment method being put in place.

The district has actively carried out bank-enterprise matchmaking and job stabilization actions. Since the beginning of this year, a total of 1.85 billion yuan($262.79 milion) in loans has been provided to enterprises and nearly 34,900 jobs have been created.

Despite the impact of the epidemic on economy, Jinghai has seen investment grow 14.87 percent year-on-year to 9.9 billion yuan as of the end of October.

Priorities have been given to nine key industrial chains including new generation information technology and digital economy, biomedicine, energy conservation and environmental protection, prefabricated buildings, new energy and new energy vehicles, and high-end metal products, with 810 enterprises.

In 2021, the nine key industrial chains have seen record investment of 10 billion yuan or 19.65 percent growth year on year, and foreign investment of $39 million.

The district was also chosen by 572 projects, with a planned total investment of 138.45 billion yuan, including 160 strategic emerging industry projects such as intelligent manufacturing, new energy, energy conservation and environmental protection, accounting for 51.82 percent of the total investment.