The year 2007 has proved to be an extraordinary chapter in the development history of TEDA. TEDA strictly followed scientific development approach, seized new opportunities, took new challenges, sought solutions to new issues, and thus maintained stability and coordinated development of local economy. With remarkable progress in economic and social undertakings, TEDA has made new contributions to the development of Tianjin and the New Coastal District of Tianjin (TNCD).

In 2007, TEDA maintained the momentum of sound and steady economic development and a GDP growth of over 20% for the seventh consecutive year. With a more efficient and optimized economic structure, TEDA has experienced positive changes of its economic growth mode and achieved a situation better than ever before. The growth of the tertiary industry has, for the first time, exceeded that of the secondary industry and accounted for a markedly larger proportion. The modern service sector has made a considerably bigger contribution to the economy of TEDA. The mechanical industry, with automotive and machinery as the core, has followed the footstep of electronics and risen as another industry producing a value of more than 100 billion RMB yuan. Such competitive industries as electronics and biopharmaceuticals have continued to expand and such new industries as aerospace, new energy, and new materials have been accelerating their pace of development. The domestic investment has increased dramatically and the industrial value of domestic funded enterprises has topped 10 billion RMB yuan for the first time. With a more efficient industrial structure, TEDA has further strengthened its capacity for making profits. TEDA has maintained its leading status among the development zones in China. While decreasing the energy consumption of per 10,000 RMB yuan of GDP by 4.5% , TEDA kept increasing the output value of per square kilometer of land. In this year, TEDA has done a fabulous job in bringing in large-scale projects and remained a leader of investment promotion among the development zones of China. The number of the newly approved foreign funded enterprises, each of which registered an investment of more than US$ 10 million, surpassed 100 and so did the number of the domestic funded enterprises with an investment of over 10 million RMB yuan each. A number of projects of strategic importance, including the new generation rockets and new types of cars, have joined TEDA one after another. The financial sector and service outsourcing industry have undergone various breakthroughs. In 2007, TEDA adhered to the strategy of boosting its development with science and technology, optimized its system and environment for S&T innovation, speeded up the application of S&T achievements, and constantly improved its strength in independent innovation and S&T application. Upholding the principle of putting people first, TEDA has seen the significant income raise of workers, stronger social guarantee, and better public order. Sticking to reform and innovation, TEDA has made hard efforts to enhance its services for the public and improve its conditions for industrial development, business and life. According to the appraisal conducted by the Ministry of Commerce of China on the comprehensive environment for investment of all the state-level development zones, TEDA has ranked number one for a consecutive ten years with regard to the comprehensive indicators. TEDA is therefore known as a hotspot for investors and entrepreneurs from home and abroad. By the end of 2007, the actually utilized foreign investment accumulatively reached nearly US$ 17 billion, and the registered capital of domestic funded enterprises over 60 billion RMB yuan.

After the development and opening-up of TNCD was highlighted in the report to the National People¡¯s Congress of CPC, TNCD has caught more intensive attention and the new wave of development has then started. Standing at a new start in history and facing many more opportunities to come, TEDA will actively take its historic mission of spurring the growth and opening-up of TNCD. TEDA has officially launched a campaign of developing into ¡°China¡¯s new platform for economic growth¡± and set an objective of increasing GDP by more than four times over the year 2000 to 500 billion RMB yuan by 2020. TEDA will pursue higher standards and always stand as the pacesetter in the forefront of the economic growth. Taking the opportunity of conducting comprehensive reforms in TNCD, TEDA will further deepen reform and innovation and perfect its system and mechanism through innovation in regulations, functions, and S&T development. TEDA will more actively participate in the development of TNCD and its neighboring regions by best exerting its role as a gateway for opening to the outside world and a propeller of the economic growth. Aiming higher, TEDA will continue to consolidate and expand its major industries, strengthen its new competitive industries, foster the rapid growth of the modern service sector, and thus establish an industrial structure featured by top level, good quality and hi-tech products. TEDA will hold to the strategy of gaining prosperity based on science and technology, proactively strengthen its S&T innovation policies and system, improve its capabilities of independent innovation, and develop into a base for R&D application and a zone characterized by innovation. TEDA will further enhance its strength and fruits of investment promotion, vigorously seek new projects from home and abroad, and gather advantageous resources for its long-term development. By reinforcing its urban functions and social guarantee, TEDA will work hard for the positive interaction between the local communities and business circles. In 2008, TEDA will serve as the venue of the second Annual Meeting of the New Champions, also known as the Summer Davos meeting, which will help TNCD and TEDA to gain more attention around the globe.

In the year 2008, TEDA is faced with new opportunities, huge responsibilities and difficult tasks. The GDP of TEDA is expected to exceed 110 billion RMB yuan, and its total industrial output value over 400 billion RMB yuan, and investment in fixed assets 30 billion RMB yuan. TEDA will also endeavor to meet the requirements of energy efficiency and emission reduction. We will firmly adhere to the core value of ¡°always striving for number one¡± and work in a passionate and pragmatic manner. We believe, with the joint efforts of all TEDA people and strong support of friends from all walks of life, TEDA will surely make more progress and greater contribution in the new wave of development!

                                                                 Li Yong

                                                                 Chairman of the Administrative Commission of

                                                                 Tianjin Economic-Technological Development Area

                                                                 Jan,2008