Big investment projects in north China city in H1

TIANJIN, Aug. 9 (Xinhua) -- North China's Tianjin Municipality drew a big number of investment projects in the first half of 2019, statistics showed.

In the first six months, a total of 2,115 projects worth 141.5 billion yuan (20 billion U.S. dollars) of domestic investments settled in Tianjin's Binhai New Area, while 147 foreign-invested projects worth 7.2 billion U.S. dollars settled in the area.

The projects cover many strategic emerging industries, such as biomedicine, new energy and smart manufacturing.

Of the projects, the value of many exceeded 1 billion yuan each, indicating high expectations of rosy prospects.

Authorities in the area have streamlined administrative procedures to facilitate the setting up of new companies.