Tianjin took a major step in green city plans by signing agreements for 13 projects in cultural and creative industries, financial services and new energy manufacturing sectors.

 

The projects, involving a total investment of about 21.64 billion CNY (3.46 billion USD), are expected to come up in the Sino-Singapore Tianjin Eco-City, and include the deal with Chinese online search engine major Baidu Inc for the largest literary work platform in China and another for an online game operating center.

 

According to a memorandum of understanding signed by Tianjin Binhai New Area and Canada Natural Resources last year, the two countries will join hands to build a low carbon and ecological demonstration district in the Tianjin Eco-City, near the upcoming National Maritime Museum and the Tianjin Oceanic Administration Center, covering 2 square kilometres, and with a total investment of about 10 billion CNY.

 

"Better environment, low operating costs and more business cooperation opportunities will help attract an increasing number of enterprises to the Tianjin Eco-City," said Yang Liu, director of the commercial bureau of the Sino-Singapore Tianjin Eco-City.

 

During the past eight years, cultural and creative industries have been the pillars for the Tianjin Eco-City, with over 500 enterprises operating here, including Huayi Brothers Media Corp and Thinkingdom Media Group Ltd. In 2014, cultural and creative companies paid taxes totalling 540 million CNY.

 

"We will try our best to widen the range of businesses, from publishing and film manufacturing industries to Internet-related ones," Yang said. 

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