Business / Industries

Robust range as industry thrives

(China Daily) Updated: 2014-09-10 07:01

Robust range as industry thrives

Aviation and aerospace

Tianjin's aerospace and aviation industry features superjumbo, helicopter, unmanned aerial vehicle, launch vehicle and direct broadcast satellite, which makes the city the only manufacturing site for both aerospace and aviation products in China.

In the first three quarters of 2013, the industry reported gross output worth 24.47 billion yuan ($3.93 billion), up 41.4 percent from the previous year.

According to the city's latest plans, the industry's estimated annual gross output is expected to reach 100 billion yuan by 2015, growing at an average rate of 38 percent annually.

Tianjin's aerospace and aviation sectors have attracted several large and high-quality projects and a number of national-level aerospace institutions have settled in the city.

The city plans to continue to accelerate the development of the industry and gather more companies in the special industrial zones like the Airport Economic Zone, Tianjin Development Zone, and Binhai High-tech Zone.

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