Beijing

Beijing's economy has been growing at a fast pace over the last decade, driven by increasing domestic and foreign investment. As the capital city of China, Beijing is home to the headquarters for most of China's largest state-owned companies, 26 Fortune Global 500 companies and over 100 of the largest companies in China. In 2010, Beijing's nominal GDP reached 1.37 trillion RMB (US$200 billion) with tertiary industry accounting for 73.2% ofthat figure, representing a growth of 15.2% compared to the previous year. Finance is one of the most important industries in Beijing. By the end of 2007, there were 751 financial organizations in Beijing, generating revenue of 128.6 billion RMB, or 11.6% of the total financial industry revenue of the country. Xinhua-Dow Jones IFCD Index ranked Beijing as the 14th most competitive world's financial center in July 2011. Beijing is increasing well known for its innovative entrepreneurs and high-growth startup companies. The huge inflows of investment at the time of the Beijing Olympics 2008 created a ripple effect on economic growth, benefiting the short-run and long-run growth of the economy.

Tianjin

Tianjin is a metropolis in Northern China and one of the five national central cities of China. The manufacturing sector was and still is the largest and fastest-growing sector of Tianjin's economy. Major industries include petrochemical industries, textiles, car manufacturing, mechanical industries, and metalworking. The National Supercomputing Center is located in Tianjin and has the second fastest supercomputer in the world. Tianjin Economic-Technological Development Area (TEDA) is a main free market zone in Tianjin, which was established to host local and foreign companies, promotes business opportunities and facilitates international business cooperation. Since 1997, the Ministry of Commerce (MOFCOM) started a comprehensive appraisal on the investment environment of all national-level development zones which covers the eight major indicators of overall economic strength, infrastructure, operation cost, human resources and supply, society and environment, facilitation for technology innovation, management system building, and development and efficiency. TEDA topped the list for 12 years in a row and has proved itself as a leading investment spot in China and the Asia-Pacific at large.

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