Great Wall Motor Co. invests RMB400 Million in Tianjin Production Base
Aug. 17 – Chinese automaker Great Wall Motor Co. has invested RMB400 million in an auto parts plant in Tianjin, expanding its production base there.
The company, listed among the Forbes Top 100 Chinese Enterprises in both 2007 and 2008, chose Tianjin as its base of production due to the city’s strategic positioning in Northern China. Tianjin Port is the largest in Northern China trading with more than 300 ports in 160 countries around the globe. The city has several large and important development zones, including the very well-known TEDA.
Also, despite being close to Beijing, living and labor costs in Tianjin are much lower. After having to increase wages in their Guangdong factories, the Taiwanese electronics components manufacturer Foxconn was considering moving some of their production facilities to Tianjin.
For more information on the doing business in Tianjin, please download the complimentary China Briefing Tianjin City Guide. The guide provides an overview of the economic climate, development zones, and infrastructure of this rapidly growing city.