Tianjin is home to 170 national-level research institutes. The city has seen its innovation index hit 80.75 percent, ranking third in the country for the past 16 years, according to the Chinese Academy of Science and Technology for Development.
Not only is Tianjin known for its innovation and competitiveness and ability to attract overseas and Chinese talent, it has also maintained its position as North China's industrial hub.
Last year, Tianjin's GDP hit 1.88 trillion Yuan, 227.6 times the figure in 1978, representing an annual average growth rate of 10.9 percent over the period.During the first half of this year, the city's GDP grew by 4.6 percent to top 1 trillion Yuan.
Qiu Zhongqiang, Procter & Gamble vice-president, said over the company's 25 years in Tianjin it had witnessed an improvement in legal protection for companies.
"The city has made resolute efforts and given support to cracking down on illegal and fake goods, accelerating the intellectual property rights protection," Qiu said. "The ever-improving business environment and measures have made it easy for companies to launch businesses in the city."
Source:China Daily
