What's news

Tianjin to invest $209b in Binhai New Area

Tianjin municipality has planned a total investment of 1.29 trillion yuan ($209 billion) in its Binhai New Area, a main region within the Tianjin Port Free Trade Zone, according to a media report on Wednesday. The investment in the new industrial park planned for this year alone will reach 366.3 billion yuan, while the number of key projects worth more than 50 million yuan will be 1,359, according to the report. The city plans to grow the total production value of the new industrial zone to 2 trillion yuan by 2020, which is expected to contribute about 200 billion yuan to the city's fiscal revenue, said the report quoting Vice-Mayor Zong Guoying.

Turnover tax waiver for small loans to continue