Tianjin Sets $236 Billion Investment Target as China Slows
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Tianjin announced a multi-year target of 1.5 trillion yuan ($236 billion) for industrial investment, joining a similar plan by Chongqing amid local efforts that may help reverse China’s growth slowdown.
Tianjin, in northeast China, plans the investment over four years in 10 industries including petrochemicals and aerospace, according to a report today in the Communist Party’s Tianjin Daily. Chongqing, in the southwest, will boost industrial investment to 1.5 trillion yuan in the five years through 2015, the official Xinhua News Agency said yesterday.