TEDA tempts companies away from the capital

More than 800 companies have relocated from Beijing to the Tianjin Economic-Technological Development Area in a bid to reduce operating costs, according to a recent report released by TEDA.

The problems of air pollution, high cost of living and traffic congestion are making some companies in Beijing seek a new location to expand their business in a cost-effective way.

TEDA is attracting the attention of Beijing companies seeking to relocate because of its regional advantage as part of the Beijing-Tianjin-Hebei economic integration.