Real economy is root of Tianjin’s development

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Real economy is root of Tianjin’s development  - Exploring Tianjin

"The real economy is the foundation of Tianjin's development." The Tianjin delegation members attending the two national conferences stressed the pillar role of the real economy in Tianjin's development, especially in advanced manufacturing.

Priority will be given to improving the quality of the supply side, which strives to integrate the notions of sustainability, high tech big data and AI.

Binhai new area: advanced manufacturing industry base

Binhai new area, featuring its real economy centered industrial system, and its development basis of advanced manufacturing, will move forward with a focus on high quality development of emerging industries, said Yang Maorong, deputy of the National People's Congress and head of Binhai New Area.

An advanced manufacturing industry cluster inclusive of aerospace equipment, new energy vehicles, biomedicine and new generation information technology will be led and supported by a new generation of artificial intelligence. At the same time, traditional industries will be upgraded through digitized and intelligent technologies, he added.   

The development goal of becoming a world-level advanced manufacturing industry base will also be achieved through regional cooperation with Beijing in enhancing innovation-driven development.

Ninghe district: Tianjin Future Sci-Tech City

Tianjin Future Sci-Tech City of Ninghe district integrates into the Beijing-Tianjin-Hebei cooperated development by promoting the development demonstration zone of Tianjin with the other two regions. Last year, 44 entities of the Gyeonggi entity were introduced, with a total investment of up to 7.6 billion yuan, according to Wang Honghai, deputy to the National People's Congress and secretary of the Ninghe District Party Committee: "Ninghe district with the Qilihai wetlands is hailed as the kidney of the Beijing-Tianjin-Hebei region, and is young in developing industry. Therefore, we are very cautious with our choice of introducing industries."

The district plans its industry layout around high-end industries such as intelligent manufacturing, auto parts, new energy and new materials, biomedicine, energy conservation and environmental protection.

To introduce 100 projects of 50 million yuan, the district will hold large-scale investment promotion conferences throughout the year and implement targeted investment attractions.

At the same time, Future Sci-Tech City will introduce both intelligent manufacturing and modern service industries. Guided by intelligent manufacturing, it will give full play to cloud computing technology to facilitate the deployments of robots and the Internet of Things.

Tianjin Finance Bureau: targeted policy support

A well-developed and stable real economy is of great significance in providing jobs, improving people's lives, and achieving sustained economic development and social stability, said Yuan Guangrui, deputy to the National People's Congress and director of the Tianjin Finance Bureau, who notes that Tianjin has accelerated the construction of a national advanced R&D and manufacturing base.

The city's financial department will fully implement tax reduction and fee reduction policies, and effectively reduce the burden on market entities. Funds for intelligent manufacturing and industrial updating are encouraged.

Finance role in supporting real economy

Fan Xiaoyun, member of the National Committee of the Chinese People's Political Consultative Conference and executive vice president of the School of Finance of Nankai University, stressed the role of finance in supporting the real economy. According to him, revitalization of the real economy is guaranteed by preventing financial risks and unswervingly promoting financial reform and innovation for high-quality financial development.

High-level financial talents are core to pushing forward high-quality development of finance.   Special funds should be set up to attract talents, gather companies, fund financial education, and develop financial technology R&D, and other areas, he added.

"The development of artificial intelligence is inseparable from the real economy, and it will add fuel to the development of the real economy," said Sun Taili, member of CPPCC National Committee and CEO of Tianjin Qingda Investment Group.  

It is necessary to further strengthen intellectual property protection with deep integration of artificial intelligence with livelihoods, social security and management towards a digitalized society. An improving R&D and application environment for artificial intelligence technology will promote the vigorous development of the industry.

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