Favored destination for foreign investors

So far, 128 of the world's top 500 multinationals have settled in Tianjin, the biggest coastal city in north China. These companies, accounting for one-quarter of the world's top 500, have invested in a total of 359 projects, with an investment of $15.8 billion.

In 1984, Tianjin was chosen as one of the 14 coastal opening-up cities in China.

OTIS, one of the world's top 500 firms, took the lead to establish the first joint venture in Tianjin. Ever since then, more and more of the world's top 500 companies have entered Tianjin.