A photo of the Yujiapu Economic Zone in Tianjin Binhai New Area. [Photo/Xinhua]

2. Binhai New Area

Established in 2006, the Binhai New Area is located on the coast of the Bohai Sea east of Tianjin's main urban area, and is part of the Bohai Economic Rim. There are 11 large cities within a 500-kilometer circumference of the area, each with a population of more than one million people.

Tianjin Binhai New Area is home to industrial clusters with distinct advantages. Dominated by secondary and tertiary industries, the area is home to 219 Fortune 500 companies. The output value of new and high-tech industries accounts for 47 percent of the total industrial output value in the zone.