TEDA is short for Tianjin Economic-Technological Development Area, as one of China's earliest development zones, TEDA was set up on December 06th, 1984 upon the approval of the State Council.
Since 1997, the Ministry of Commerce (MOFCOM, the former Ministry of Economy and Foreign Trade) started a comprehensive appraisal on investment environment of all national-level development zones which covers eight major indicators like overall economic strength, infrastructure, operation cost, human resources and supply, society and environment, facilitation for technology innovation, management system building, and development and efficiency. For ten years in a row, TEDA topped the list. It fully deserves the title as the hottest investment spot in China and the Asia-Pacific at large.
In 2006, the development and opening-up of Tianjin Binhai New Area was officially written into China's Eleventh Five-year Plan, indicating that the entire region has been recognized as the country's third economic engine after Shenzhen and Shanghai for modern manufacturing, R&D, and incubation, and an eco-friendly and resident-friendly city. It will rise as a harmonious, energetic, promising, and resource-intensive economic platform which will surely create more spiritual and material values and accommodate diversified economic forces and entities.
