National supercomputing center in Tianjin [Photo provided to exploringtianjin.com]

Tianjin adheres to the new concept of development and promotes high- quality development. The rapid growth of emerging industries is becoming a new boost for economic development. 

Last year, the city saw the added value of strategic emerging industries increase by 10.3 percent year-on-year, with an average growth rate of 7.3 percent in two years. The output of service robots, new energy vehicles and integrated circuits increased by 1.7 times, 54.3 percent  and 53.2 percent respectively.

Tianjin has named the manufacturing sector as its main economic pillar during the 14th Five-Year Plan period (2021-25), becoming the only area among the country's municipalities and provinces to designate the sector as a chief economic pillar.

The industrial structure of its manufacturing sector is undergoing profound changes that highlight emerging industries such as biomedicine, new energy, and new materials.

This year, Tianjin will vigorously develop strategic emerging industries, such as the intelligent technology and innovation of information technology industries, and will work to enhance the core competitiveness of these industries, according to Tianjin’s local two sessions, which were held in February.

New businesses and new modes thrive. A number of company headquarters have settled in Tianjin. Advantages will emerge from the agglomeration of enterprises. A number of big corporate groups with international influence, together with small and medium-sized enterprises enthusiastic for innovations, will be cultivated. A number of advantageous industry groups featuring coordinated development of SMEs will be created.