Representatives participate in the "cloud" project signing ceremony in Tianjin, on April 8, 2020. [Photo by Yang Cheng/chinadaily.com.cn]

Ramon Jose Blanch Subirats, general manager of Emedep China, an auto testing machinery supplier headquartered in Spain, announced the investment of $6.5 million in Tianjin to expand its presence in China.

"Our business in China was so successful that we thought it necessary to build another factory to expand the production capacity in the country," he said.

The company selected Tianjin Xiqing Economic Development Zone for long-term development, due to its location as a regional hub for air and as a seaport.

Xu Dexiang, general manager of China Unicom Vision Technology, said the company engaged in the 5G online video live broadcast and virtual reality, and will invest 100 million yuan to set up a regional operation center in the city's bonded zone.

"The company is expected to motivate industries at a value of up to 10 billion yuan annually in next few years," he said.