Tianjin is the birthplace of China’s modern mechanical industry and textile industry. Since the beginning of the Open Door Policy, Tianjin has been built more than a dozen industrial zones, creating a lot Chinese famous brand like Flying Pigeon bicycles, Seagull brand watches. Now Tianjin gradually forms 6 industries of electronic information, automobile, metallurgical, chemical, biotechnology and modern medicine, new energy and environmental protection. Among Fortune 500 companies, more than 106 have invested in Tianjin. From 1994 to 2008, Tianjin's GDP rate increased 12.5% on average, entered the ranks of China's rapid development area.
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