Tianjin Binhai New Area is beefing up efforts to foster a better business environment, part of its plan to promote the local economy.
Eight thousand cars are being shipped to Tianjin Port in three ships from Dubai under a "parallel-import" scheme that allows auto dealers to purchase vehicles directly in foreign markets and then sell them to customers in China.
Tianjin’s Binhai New Area is confident that it can maintain high-quality development while making efforts to kick-start the economy and contain the epidemic, according to a news conference held by local government on Tuesday.
The metropolis is not only poised to become a vital trade hub for the rest of China, but also for the entire world, by bolstering transportation networks both at home and internationally, and through the application of intelligence technologies.
The Dongjiang Free Trade Port Zone, the world's second largest airplane leasing market behind that of Ireland, is taking concrete measures to tackle the challenges of a massive wave of airplane redeliveries.
The trade volume between Tianjin and B&R countries reached 25.3 billion yuan ($ 3.6 billion) during the first two months, accounting for 25.5 percent of the city's total, the Tianjin Customs said.
Key free trade zones in China have played a key role in furthering production restarts of companies since the start of the COVID-19 pandemic and helped stabilize foreign trade and investment, officials said on Tuesday.
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