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With good economic development and continuously improving investment environment, Tianjin provides a sound development space for overseas direct investment. In 2017, Tianjin government issued several opinions on expanding opening-up and active use of overseas investment, aiming to implement a more proactive open-driven strategy and strengthen construction of investment attraction platforms. Tianjin has newly approved 951 overseas-invested enterprises in 2017, when the contract overseas capital totaled $26.423 billion, and it utilized $10.608 billion of overseas investment, up 5.0% year on year. The number of enterprises in Tianjin that ranked in the Global Fortune 500 hit 167.
In 2018, Tianjin will make and issue more investment preferential policies to support the projects that make great contribution to local employment, economic development and technological innovation. The policies will help to cut enterprises' costs in terms of investment, operation and institutional transaction, and protect the rights and interests of overseas investment and the investors in accordance with the law, in order to create a better investment environment.