28 January 2020

Binhai New Area GDP to top 800 bln yuan this year, Xinhua says

The Tianjin Bianhai New Area (TBNA) expects its gross domestic product to exceed 800 billion yuan (US$131.32 billion) this year, up 21.6 percent from 2012, the official Xinhua news agency reported Monday, citing TBNA official Yuan Tongli. The economic zone’s industrial output and fiscal revenue have been growing more than 20 percent a year since 2009, Yuan said. By 2016, the local GDP could surpass the 1.2 trillion yuan mark while annual fiscal revenue could reach 130 billion yuan, the report said.

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