Tianjin, a coastal city in the northern China near Beijing, is a major economic center with national significance.
China's Tianjin Municipality targets an economic growth of 5 percent in 2022, according to the ongoing annual session of the municipal people's congress.
An innovation base was launched in Tianjin's Xiqing district on Thursday.
Tianjin has gathered together 'internet of vehicles' (IoV) businesses, financial providers and research institutes in order to bolster the development of the industry.
