Tianjin, the cradle of the national industry of China, is also one of the first and earliest coastal cities opening to the outside world. Tianjin, an economic center of the region encircling the Bohai Sea, has been turned into an important economic center and modern port city in north China. The city is gifted with rich petroleum, terrestrial heat, natural gas, salt and aquatic resources, perfect transportation, communication and public facilities, an industrial base with a complete array of industrial sectors and a first-class economic and technological development zone of the country. Tianjin is competitive in attracting foreign investment, and the number of foreign-funded enterprises establishes hed in the city stands at 11,500.