As small and medium-sized tech companies are increasingly important to China's development, Tianjin is playing a crucial role in facilitating their funding by venture capital and private equity firms, said officials yesterday.
Financial support for small tech companies is central to helping China's real economy expand, experts at the sixth China International Private Equity Forum said yesterday.
Tianjin authorities are accelerating development of a national pilot city focused on financial innovation for tech companies, said Deputy Mayor Cui Jindu.
Few Chinese people had even heard of the term private equity in 2007 when the first China International Private Equity Forum was held in the Tianjin Binhai New Area.
Forested city becoming hot tourism destination
The nation's largest and most influential tourist event - the 2012 China Tourism Day - will open on May 19 in Zhangjiajie, Hunan province.
When the first Beijing International Automotive Exhibition was held 22 years ago, 216 motor vehicles were on display, and that number included motorcycles.
Some 3.4 million passenger vehicles were sold in the first quarter of 2012, up about 2 percent compared to the same period in 2011, sluggish growth attributed to a cooling economy and higher gasoline prices nationwide.
'Top-tier' cities facing congestion, rising rates of vehicle ownership
China Daily motoring writer Han Tianyang takes a look back at what moved the market and made the news over the past 12 months
Company premieres range of luxury off-road models to gain foothold in growing market
Editor's note: Foreign and domestic automakers are showcasing a record 1,125 models at the Beijing Auto Show. Some 120 vehicles are making their global premieres. China Daily has highlighted nine models for our readers.
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Raymond Zhou
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Chen Weihua
