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Tianjin was an international
trading port for China in the early years, and
as a large commercial city its trading reputation
over the past 100 years has made it well known
worldwide. As the largest bulk goods trading
port in northern China and one of the first
groups of coastal cities opened to the world,
it has been active in engaging foreign trade.
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It has established trade relations and marine links
with more than 300 seaports in over 160 countries
and regions around the world. Garments, textiles,
machinery and electronic products are the main export
items, and the import of large quantities of commodities
has enriched the domestic market. Prosperous trade
has promoted economic development and has drawn the
attention on numerous investors. Tianjin has become
a city for investment and trade.
By the end of 1999, the number of overseas-invested
enterprises approved by the Tianjin Municipal Government
had reached 12,989,with contractual investment of
US$ 26.7 billion, and actual investment so far of
US$13.3 billion. The total volume for import/exports
in 1999 was US$ 12.6 billion, of which US$ 6.2 billion
was for imports and US$6.332 billion for export.
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