Tianjin: New Vitality of Private Economy | Tianjin City | Economy

The number of newly registered private business entities continues to increase, overseas markets are accelerating their layout, and the path of technology empowerment is becoming wider and wider... Recently, Tianjin announced its economic performance report for the first half of the year, and the development of the private economy has shown new vitality and new prospects.

Tiankai Higher Education Science and Technology Innovation Park is a new highland for innovation and entrepreneurship. Photo by Xinhua News Agency reporter Li Ran

Fast and steady pace, constantly increasing new enterprises

Located in the Tiankai Higher Education Science and Technology Innovation Park in Nankai District, Tianjin, Feng Shaowu, a doctoral student from the School of Chemical Engineering at Tianjin University, recently founded Kaier Instrument Co., Ltd. Aiming at implantable medical device testing equipment, Feng Shaowu is full of vision for the future of the enterprise. "The team has 55 patents, and the medical device industry is a blue ocean. I am very confident in standing firm."

In May of this year, Tiankai Higher Education Science and Technology Innovation Park officially opened. With the positioning of Tianjin as a source of scientific and technological innovation, a research achievement incubator, and a gathering area for scientific and technological service resources, over a hundred projects have been settled in, and the previously idle buildings are becoming lively day by day. "Almost every day, a new entrepreneurial team enters Tiankai Park, and every day is a 'great opening'," said Zhang Xueying, Chairman of Tianjin Tiankai Development Group Co., Ltd.

"From April to June this year, the number of enterprises incubated on our platform increased by 10% year-on-year, and it is expected to increase by about 30% year-on-year for the whole year. Chai Youwei, Executive Director of Xin'enhua Big Data Service Group Co., Ltd., who is engaged in entrepreneurship incubation services, is also quite touched by the development momentum of private enterprises.".

Data shows that in the first half of this year, there were over 150000 newly registered private economic entities in the city, a year-on-year increase of 15.3%.

"Tianjin continues to optimize the environment for the development of private economy, and this year has introduced policies such as" 17 Measures to Support the Development of Private Economy ". In the first half of the year, the newly added business entities were mainly small and medium-sized enterprises, covering multiple industries such as manufacturing, catering, and logistics. Especially after the opening of Tiankai Higher Education Science and Technology Innovation Park this year, a group of high-tech small and medium-sized enterprises were born, activating the vitality of the city's private economy." said Zeng Quanyi, a second level inspector of Tianjin Development and Reform Commission.

Empowering innovation and continuously unleashing development potential

According to data from the Tianjin Municipal Bureau of Statistics, the main economic indicators of the private economy in the first half of this year were better than the city's average level, and the industrial added value of private enterprises above designated size increased by 4.5%, which was 1.3 percentage points faster than the city's above designated size industry. Behind the numbers is the efforts of Tianjin's private economy to rise against the trend and seek development through innovation.

Recently, the official website of the China Meteorological Administration released a news that the first socialized observation data product has been granted business access by the China Meteorological Administration. Tianjin Yunyao Aerospace Technology Co., Ltd. has achieved this breakthrough. "Innovation is the driving force for enterprise development," said Huang Manyi, the deputy general manager of the company. 30% of the company's revenue is used for innovation research and development, and it has applied for nearly a hundred patents since its establishment four years ago.

In order to fully stimulate the R&D vitality of private enterprises, Tianjin has spared no effort to build platforms, think of ways, and provide guidance, accelerating the implementation of tax and fee reduction policies such as R&D deductions, and continuously releasing policy dividends.

"The annual deduction amount for research and development expenses is about 20 million yuan," said Ji Baofeng, President of Tianjin Aisida New Materials Technology Co., Ltd. The government's "real gold and silver" support has eased financial pressure and also helped enterprises enter the fast lane of development.

Innovation has changed the ecosystem of Tianjin's private economy. Zeng Quanyi said, "Tianjin's private economy is growing rapidly in biotechnology, Internet, ICT, artificial intelligence and other fields. Among the city's fledgling eagle enterprises, 97% are private enterprises, 92% are gazelle enterprises, and nearly 70% are technology leaders."

At the end of March and beginning of April, the 21st North China International Bicycle and Electric Vehicle Exhibition was held at the Meijiang Convention and Exhibition Center in Tianjin. Photo by Zhao Zishuo, journalist from Xinhua News Agency

Actively "going abroad" and accelerating overseas market layout

Entering Tianjin Bomaike Marine Engineering Co., Ltd., a floating production, storage, and unloading oil tanker equipped with marine engineering modules on the transfer dock is about to depart from the port; At the project production site, welding spatter and machine roar occurred on the modules.

"There are two overseas projects under construction on site," said Song Yang, the manager of the company's securities department. Since the beginning of this year, Bomeco has delivered two projects, including Brazil, with an export value of nearly 6 billion US dollars.

The Opinions of the CPC Central Committee and the State Council on Promoting the Development and Growth of the Private Economy clearly points out that private enterprises are encouraged to expand overseas business and actively participate in the construction of the "the Belt and Road".

Fortunately, from selling products to building factories overseas and then setting up overseas research and development institutions, private enterprises in Tianjin have achieved a three-level leap in going abroad.

This spring, in a gray glass office building near Frankfurt Airport in Germany, Tianjin Jinlun Group's R&D and sales center was officially established, with a focus on the application of IoT technology for bicycles, targeting the high-end markets in Europe and America.

"Setting up research and development institutions and production bases overseas has become a new move for many bicycle companies in Tianjin," said Huang Wei, Minister of Information Department of Tianjin Bicycle and Electric Vehicle Industry Association.

At the 133rd China Import and Export Commodities Fair, which ended not long ago, the cumulative intention of the Tianjin Trading Group to clinch deals in the markets along the "the Belt and Road" exceeded 330 million dollars, of which private enterprises contributed a lot.

"Tianjin will continue to focus on the needs of private enterprises in overseas production, operation, and project construction, actively serving private enterprises to alleviate difficulties and help them move towards high-quality development," said Zeng Quanyi.