Total foreign direct investment in Tianjin plunged to US$4.85 billion last year from US$10.61 billion in 2017 and US$10.1 billion in 2016, dragging down the growth rate in the port city, which had once been among the top five fastest-growing large cities in China. Illustration: Henry Wong

Tianjin’s foreign investment and jobs drop amid trade war and industrial shift to new sectors

  • Closure of Samsung’s huge smartphone factory in December highlights the challenges faced by foreign firms in China’s fast-evolving business environment
  • Total foreign direct investment in Tianjin last year plunged to US$4.85 billion from US$10.61 billion in 2017; gross domestic product growth fell to 3.6 per cent
Topic |   China economy

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Total foreign direct investment in Tianjin plunged to US$4.85 billion last year from US$10.61 billion in 2017 and US$10.1 billion in 2016, dragging down the growth rate in the port city, which had once been among the top five fastest-growing large cities in China. Illustration: Henry Wong
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