TEDA Becomes One of the 2005 Top 30 Auto Industrial Parks in China

TIANJIN, China, Oct. 19, 2005; Tianjin Economic-Technological Development Area (''TEDA'') announced today that following the completion of the ''International Forum on the Development of China's Automotive Industry,'' TEDA hosted another event for the ''2005 China Auto Industry Cluster Strategy and the Development Forum for China Growth Enterprises in Automobile Spare Parts'' on Oct. 14. This is the first meeting of all auto industrial zones in China.

In the forum, the China Machinery Enterprise Management Association formally declared the results of its evaluation on auto industrial parks in China, of which TEDA Auto Industrial Park featured as one of the top 30.

In this evaluation, the comprehensive competitiveness of the major auto industrial parks nationwide is assessed through analysis of indexes such as gross industrial output, total investments, sales revenues, total profits, exports, the number of global top 500 enterprises, total business invitations, number of patents, and the average number of employees, etc. Based on the evaluation results.

Brief Introduction to Tianjin Economic-Technological Development Area

Tianjin Economic-Technological Development Area (abbreviated to TEDA, with ''Taida'' as its Chinese transliteration) was established in 1984, upon the approval of the State Council of the People's Republic of China. It was one of the first state-level economic and technological development zones in the country.

Located in the centre of the Circum-Bohai economic circle and in the east of the Eurasia continental bridge, TEDA is a portal to such two metropolises as Beijing and Tianjin and a vital passage to Northeast China. So far over 3,300 overseas-founded companies have settled in TEDA. Among them 93 are founded by 44 corporations of the Fortune Global 500 like Motorola, Samsung, Toyota Motor, etc. In 2000, TEDA was acclaimed by Fortune of U.S. as ''the most admired industrial park of China.'' In 2002, it was elected by the United Nations Industrial Development Organization (UNIDO), along with five other Chinese cities and areas including Shenzhen, Suzhou, Pudong New Area of Shanghai, etc., ''the most dynamic regions of China.''

For more information, please visit http://www.investteda.org/ .