Tianjin Economic-Technological Development Area (TEDA) was established on December 6, 1984 with the approval of the State Council of the People's Republic of China. It is one of the first state-class economic-technological development areas in the country. The Chinese version of TEDA is , which is pronounced in roughly the same way as its English counterpart. Its first part means “peace”, and the second part means “prosperity”. The name is emblematic of good luck and could gain wide acceptance among all Chinese around the world.

TEDA is 60 kilometers away to the east of Tianjin and is immediately adjacent to Tanggu District of the city. Its total planned area is 33 square kilometers. In addition, there are also three satellite development areas in the neighborhood: Yixian Scientific and Industrial Zone, Microelectronics Industrial Area and Chemical Industry Area.

TEDA is endowed with enviable advantages due to its geographical proximity to Beijing and Tianjin. It is also within the boundaries of a larger area bordering on Bohai Sea. Densely populated and easily accessible, Bohai Area is a “gold mine” that has enormous market potentials. This area has many cities, with industries and commerce sufficiently developed. People's willingness to pay is exceptional. Therefore, Bohai area offers optimal conditions for economic growth.

TEDA's goal is to become a “new international area of modern industries in the 21st century”. With that goal in mind, TEDA is committed to shaping an investment environment where international rules of game are respected and markets are internationally oriented. In the past over ten years since its creation, TEDA has been making relentless efforts to make itself a better place to make investment in and enhance its economic strength. It has now become one of the most alluring investment areas in China and even in Asia.