Copyright 2022 - Ningbo Life / Ningbo Expat

Consumer Market: the Long-lost "City Fireworks" Is Back

In the summer, the public's enthusiasm for consumption heats up. (Photo by Wang Jianbo and Sun Jiali)

 In order to rekindle the "urban fireworks", Ningbo has restarted the issuance of consumer coupons from the end of February. In April, the General Office of the Municipal Government issued the "Several Measures to Stabilize the Chain and Help Enterprises in Ningbo". With the implementation of a series of bailout policies in the consumer sector, Ningbo's consumer market rebounded rapidly. Data released by the Municipal Bureau of Statistics shows that from January to May, the city's total retail sales of consumer goods reached 175.25 billion yuan, a year-on-year increase of 2 places in the province. Among them, the consumption recovery momentum in May was good, and the recovery rate of social zero was better than that of the whole province and the whole country. In terms of industries, industries such as home appliances and catering are gradually recovering, and new consumption fields such as live broadcast e-commerce are in full swing.

 Real money helps home appliance companies "buck the trend"

Read more: Consumer Market: the Long-lost "City...

Foreign trade remains a two-way win-win

As we all know, July and August are the holiday season for Europeans. For many of them, sunshine, blue sea, and sandy beaches will be their favorite holiday destination. It is not only a reward for themselves, but also to refresh themselves for the next step. So, no business!

However, as the epidemic continues, it is urgent for foreign trade companies to stabilize their orders. Despite all the difficulties, Ningbo  launched the country's first business round-trip charter flight to expand the market. In this regard, there were some different voices: It's the holiday season now. Foreigners might have gone on vacation, and customers may not be available; since there is no exhibition in Europe, their visit might be in vain; we might as well wait and see.

Despite all these voice, Wei Guowen responded with practical actions.

Read more: Foreign trade remains a two-way win-win

Top 20 Industrial Counties with Best Business Environments of Zhejiang Released, 5 Counties of Ningbo on the List

Since August 2021, the Provincial Federation of Industry and Commerce has focused on the major industrial counties (cities, districts) in our province for the first time, and carried out the work of "evaluating the business environment of 10,000 private enterprises" in our province in 2021, and released the "2021 Business Environment" on January 12. Annual Report on Business Environment Evaluation of Ten Thousand Private Enterprises in Zhejiang Province.

A total of 10,399 valid questionnaires were collected in this evaluation, and the number of large, medium, small and micro sample enterprises accounted for 5.74%, 23.68%, 51.84% and 18.74% respectively, covering machinery manufacturing, textile and clothing, construction, commercial retail, Internet 25 industries.

Based on the scores of five first-level indicators, including factor environment, legal environment, government affairs environment, market environment, and innovation environment, it is concluded that the 20 industrial counties (cities, districts) with the highest overall evaluation of business environment are: Yiwu City and Xiaoshan District. , Yinzhou District, Jiangbei District, Wuxing District, Haishu District, Jiashan County, Haining City, Yuecheng District, Tongxiang City, Shangcheng District, Fuyang District, Beilun District, Keqiao District, Binjiang District, Ruian City, Lin'an District, Yuyao City, Yongkang City and Wenling City

Outstanding import and export of Ningbo port in the first half of the year

Data released by Ningbo Customs on July 16 show that in the first half of this year, Ningbo Port’s foreign trade was resilient despite the complex global economic and trade environment, and the import and export scale both achieved significant growth. In the first half of the year, import and export volume of Ningbo Port reached nearly RMB1.3 trillion, up 37% year-on-year. The export value amounted to RMB945.14 billion, up 39.5% year-on-year; the import value RMB352.74 billion yuan, up 30.8% year-on-year.

The EU, the United States and ASEAN remained the top three trading partners of Ningbo Port, which together accounted for 47.3% of the total import and export volume of Ningbo Port during the same period. The import and export volume to countries along the “Belt and Road” reached RMB431.38 billion, up 40.1% year-on-year, accounting for 33.2% of the total import and export volume in the same period; the import and export volume to other RCEP member countries amounted to RMB265.02 billion, up 29.4% year-on-year and accounting for 20.4% of the total.

Read more: Outstanding import and export of...

Ningbo's New Energy Vehicle Consumption Is "Full of Horsepower"

In the past 2021, Ningbo's new energy vehicle consumption is "full of horsepower". Data from Ningbo Municipal Bureau of Statistics shows that in the first 11 months of last year, the retail sales of new energy vehicles in the city reached 5.61 billion yuan, a year-on-year increase of 164.1%, an increase of 152.8 percentage points higher than that of traditional fuel vehicles, and achieved double growth for 11 consecutive months; Cumulatively, the growth rate of the upper limit of the company was 3.8%, which was 1.1 percentage points higher than that in the first half of the year.

With the support of national policies, new energy vehicles have been widely recognized by consumers with their own technical advantages and good economic practicability, and are playing an increasingly important substitute role in the automobile consumption market. From the perspective of enterprises above the designated size, the proportion of Ningbo's new energy vehicle monthly retail sales in all vehicles is on the rise, from 8.2% in February to 21.1% in November. In the first 11 months of last year, the cumulative retail sales of new energy vehicles accounted for 9.7%, an increase of 5.4 percentage points over the same period of the previous year. At the same time, brand influence continues to increase. Among the top five brands of new energy vehicles in retail sales, emerging brands occupy four seats, including Tesla, NIO, Krypton, and Xiaopeng, whose retail sales exceed those of all traditional brands. Sum of retail sales of energy vehicles.

Read more: Ningbo's New Energy Vehicle...

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