Volkswagen will spend about $10.2 billion to settle an emissions cheating scandal in the United States that has turned into one of the largest cases of corporate deception in the nation's history.
Under the proposal of Klaus Schwab, founder and executive chairman of the World Economic Forum, the first Annual Meeting of the New Champions, widely known as Summer Davos, was held in Dalian, Liaoning province, in 2007.
Tianjin should push forward supply-side structural reform to provide it with more impetus for growth, said Huang Xingguo, acting Party chief and mayor of the northern port city.
Tianjin has seen great improvements in recent years in terms of its overall living conditions and business environment, which has led to an increase in the number of foreigners choosing to live and work in the city.
Tianjin, China's northern port city, has become one of the top 10 holiday destinations for international tourists along with Shanghai and Beijing, according to a report by people.cn and ly.com that studied travel trends during the 2016 May Day Holiday.
This year marks the 10th anniversary of the Summer Davos and Tianjin will host the fifth session. As we are maturing in experience, we are determined to host a high-standard, high-level and safer event that combines both local and international features.
Innovative measures facilitate trade, open financial industry
As the growth engine of the city, Tianjin Binhai New Area will be developed into an international livable eco-city in the next five years, said Zong Guoying, Party chief of the new area.
The Binhai New Area in Tianjin recently came up with a way to streamline its administrative approval procedures with a "one-seal" process.
The Special Entrepreneurial and Innovative Zone of Tianjin attracted 1,781 startups in its first six months of operations, according to local officials.
The Tianjin Economic-Technological Development Area is working on a new industrial zoning plan as part of its efforts to welcome a new round of international industrial investments.
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Raymond Zhou
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Chen Weihua
