Binhai

Binhai (simplified Chinese: 滨海; traditional Chinese: 濱海; pinyin: Bīnhǎi), officially known as Binhai New Area (滨海新区; 濱海新區; Bīnhǎi Xīnqū), is a sub-provincial district and state-level new area within the jurisdiction of Tianjin Municipality, People's Republic of China (PRC).

Overview

Binhai New Area is located on the coast of the Bohai Sea east of Tianjin's main urban area, and is part of the Bohai Economic Rim. It is a new growth area in China, and as of the end of 2010, 285 Fortune Global 500 companies had invested and established branch offices here. Binhai is intended to be a base for China's advanced industrial and financial reform and innovation. A number of major companies including Rockefeller, Tishman Speyer, Motorola and Airbus have built branches here. For instance, EADS Airbus has already opened an assembly plant for its A320 series airliners, operational since 2009.

Binhai is intended to replicate development seen in Shenzhen and Pudong in Shanghai. It is a Special Economic Zone (SEZ) of the PRC, meaning experimental reforms are taking place here.