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People's Daily reporter Sun Yifei

Opening words

In December 1978, the Third Plenary Session of the 11th Central Committee of the Communist Party of China established the basic national policy of reform and opening up.

The sea of ​​opening up to the outside world began to surge, and waves hit the Bohai Bay.

In 1979, Tianjin welcomed its first foreign-invested enterprise. International market leaders rushed to catch up with the good times of reform and opening up.

Today, Tianjin has attracted many foreign-funded enterprises, including a number of Fortune 500 companies and industry leaders, forming an influential industrial cluster and making outstanding contributions to the city's economic development. At the same time, the open environment has also made Tianjin an important gathering place for foreign investment in China and one of the regions with the highest return rate. A large number of international brands have grown and developed here and are world-renowned.

The open sea never sleeps. Tianjin, located on the Bohai Bay, has successively received exciting news: in the first half of 2024, the city's foreign trade imports and exports reached 400.3 billion yuan, and there were 10,800 foreign trade entities with import and export performance, an increase of 8.6% year-on-year, the best level in the same period in history; the comprehensive bonded area realized imports and exports of 129.6 billion yuan, accounting for 32.4% of the city's total; the city's cross-border e-commerce imports and exports increased by 26.6%, and the export volume of used cars was nearly 4 billion yuan, an increase of 2.3 times; there are more than 290 Fortune 500 companies investing in Tianjin, with actual use of foreign capital of 3.16 billion US dollars in the first half of the year, and tax revenue of foreign-funded enterprises increased by 15.2%, accounting for 34.6% of the city's total.