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Multinationals flourish in Tianjin after China's WTO entry

English.news.cn   2011-11-07 14:55:49 FeedbackPrintRSS

BEIJING, Nov. 7 (Xinhua) -- Over the past ten years since China's accession to the World Trade Organization (WTO), Tianjin has opened itself up to international companies, benefiting both the coastal city and its foreign investors.

Located in northern China, Tianjin is famous for its steamed stuffed buns called "Goubuli", or "Go Believe", which are held in high esteem by both locals and foreigners.

The branding of "Go Believe" is just one of the many examples of Tianjin's internationalization since China's entry into the WTO in 2001. The past decade witnessed a wave of Chinese enterprises "going global" and foreign companies "coming in."

Ren Xuefeng, vice mayor of Tianjin, said a growing number of transnational companies have been attracted to Tianjin, including telecommunications giant Motorala, Sino-French joint venture Dynasty Fine Wines Group, and more recently European aviation giant Airbus and Danish pharmaceutical firm Novo Nordisk.

EUROPEAN "GIANT BIRD" ALIGHTING ON TIANJIN

In 2008, aircraft manufacturing giant Airbus opened its first A320 final assembly line outside Europe in Tianjin, which is regarded as a fine model of China-Europe cooperation.

Airbus President and CEO Thomas Enders told Xinhua that despite the ongoing global economic crisis, China will take the center stage in the development of the global aviation industry and his corporation attaches great importance to the Chinese market.

The new assembly unit received great support from the Tianjin municipal government, said Jean-Luc Charles, general manager of Airbus Tianjin plant, adding that the two sides would continue to expand and deepen cooperation in the future.

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