2010, the last year of China's 11th Five-year Plan,is also a memorable milestone in the development process of TEDA. During this year, TEDA, guided by the scientific development outlook, continued its efforts in building China's new platform for economic growth and executing the development strategy of "2+2+2+3+4" (namely, to strengthen such two sectors as advanced manufacturing and modern services, to foster such two economic engines as investment and science and technology, to expand existing client base while absorb new ones, to pay equal attention to such three groups of business partners as overseas, state-owned, and private investors, and to facilitate the balanced development towards the east, west, south and north). Focusing on the readjusting of economic structure and reshaping of development model, TEDA did a great job in deepening reform and opening-up, constantly enhancing core competitive edges, and maintaining its economy in a swift, sound, and organic momentum. Steady and balanced progresses were scored in various social fronts. Tasks set for the 11th Five-year Plan Period were beautifully accomplished. By these, we have made positive contributions to the development of Tianjin Binhai New Area and Tianjin as a whole.

The year 2010 witnessed the best performance of TEDA for the recent five years both by economic speed and quality. Its all-year GDP grew by over 25% to 154 billion yuan. During the 11th Five-year Plan Period, our y-o-y growth averaged at 24%. Industrial Output Value reached 510 billion yuan, doubling the record at the end of the 10th Five-year Plan Period and crossed the thresholds of 300-billion, 400-billion, and 500-billion yuan successively. Investment in fixed assets boomed. Investment in 2010 alone has exceeded 50 billion yuan while investment over the past five years accumulated to around 160 billion yuan. Through the past year, TEDA saw continuous improvements both in industrial structure and development model. High achievements were scored in hi-tech innovation when over 1,200 local companies were recognized as hi-tech SMEs. The weight of the tertiary industry kept increasing thanks to the robust clustering of corporate headquarters, producer service providers, and service outsourcing companies. Nine advanced manufacturing sectors continued to gather and flourish. The automobile sector turned out to be the second 100-billion-yuan industrial pillar after the electronics and telecommunications sector. Capital structure saw further optimization with output value of domestic-funded companies approaching 100 billion yuan. Economic returns saw rapid growth. The 40% profit margin growth registered by local companies far outpaced the income growth. TEDA has become the country's front runner in terms of the intensive utilization of resources. Its per capita output of land, all-over labor productivity, and emission of main pollutants saw sustained improvement with energy-saving and emission reduction targets all meeting the 11th Five-year Plan targets. Through 2010, construction in the Nangang Industrial Zone scored major breakthroughs. Sea reclamation and energy infrastructure projects proceeded with every passing day and night. So far, 50 square kilometers of land have been prepared for industrial projects. Planning and construction for ports, railway, and public utility islands were launched in an all-round way. The Sino-Russia 13-million-ton oil refinery project broke ground. The one-million-cubic-meter crude oil reservoir of PetroChina was completed and phased in. A batch of new projects inked agreements and settled down. At the same time, we unveiled the planning and construction of South Emerging Industries Park and Nangang New Town, which were designed as an integral part of the Nangang Industrial Belt. Development of TEDA West accelerated on every front. Planning and construction of its living estate started. A group of heavyweight projects such as China's Next-gen carrier rocket, Great Wall Motor, Jianlong Heavy Industry Group were to be completed for operation very soon. Urban functions and image of TEDA East kept improving. Area C of the Modern Service District was officially opened. Many modern service projects and their carriers were built up in succession. Through 2010, social undertakings in TEDA achieved success on all fronts. The management system of TEDA Cardiovascular Hospital was introduced to the rest of the country. TEDA No.1 Middle School was promoted to be a municipal-level key school. TEDA led the whole Tianjin Municipality in harmonious community building. 2010 also saw many new milestones in our comprehensive investment environment building. For the 13th successive year, TEDA was crowned No.1 among all the state-level development zones in the comprehensive ranking by MOFCOM in terms of the overall evaluation of investment environment. As a paradise for Chinese and overseas investors and entrepreneurs, TEDA has attracted over 50 billion US dollars of paid-in capital thanks to the joint efforts of both our domestic and overseas-funded clients.

The 12th Five-year Plan Period will be a golden age for the development of Tianjin. 2011, the starting point of the 12th Five-year Plan Period, is also a crucial year for the development and opening-up of Tianjin Binhai New Area. TEDA will continue to build China's new platform for economic growth and execute the Strategy of "2+2+2+3+4", prepare a stronger base for advanced manufacturing, R&D and incubation and a cluster of high-end service sectors, and make greater contribution to the faster development of Tianjin Binhai New Area and Tianjin as a whole. As always, we will carry on industrial development and the improvement of investment environment to attract more Chinese and overseas investors and entrepreneurs. We will back up our development with advanced manufacturing sectors and producer services. We will accelerate the upgrading of development model. We will redouble our efforts in hi-tech innovation through highlighting the fostering of emerging strategic industries and hi-tech SMEs. We will put people first and regard the improvement of people's livelihood as our ultimate goal of development. We will promote urban and social development and build a harmonious community. We will add more fuel to the development and construction of Nangang Industrial Zone, and accelerate land leveling and land reclamation from the sea to ensure major energy and infrastructure projects such as the port terminals, railway lines, and public utility islands of Nangang as well as a group of major industrial projects can become operational on time. We will see TEDA West grow in leaps and bounds after several painstaking years of infrastructure preparation and initial production, with construction of its living estate progressing rapidly and smoothly. We will ensure a batch of high-quality and high-yield projects become operational and profit-making in TEDA West. We will push forward the urbanization process in TEDA East to make this cradle of TEDA a well-planned, high-quality, harmonious, and livable core city.

Standing at a fresh-new scratch line, TEDA find itself embraced by unprecedented opportunities which promise both hopes and challenges. Facing the new tasks under new situation, we will adhere to our core value of "To be number one", strengthen our resolve, open up our mind, and unleash the infinite energy and use the rich experience we accumulated during the past 26 years. In this way, we will welcome more optimized investment environment, more prosperous economy, more harmonious society, and a better future for every member in the big TEDA family!

He Shushan              

Chairman of the Administrative Commission of

Tianjin Economic-Technological Development Area

(Nangang Industrial Zone)

Jan,2011