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Ningbo's foreign trade in July increased by 20.3%

On August 12, Ningbo Customs announced the statistics of the city's foreign trade from January to July. Under the complicated environment of continuous escalation of trade friction, Ningbo's foreign trade has “gone against the wind”, achieving a total import and export volume of 521.33 billion yuan, a year-on-year increase of 9.4%!

In the total import and export volume from January to July 2019, imports were 181.09 billion yuan, an increase of 5.9%, and exports were 340.24 billion yuan, an increase of 11.4%. It is worth mentioning that, as for the data for the month of July, it is a year-on-year increase of 20.3%! This was hard to come by in the context of the “seeking more export” in the same period in 2018.

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First “state-owned enterprise + private enterprise” model park starts operation

On August 12, International Trade Silicon Valley (Ningbo) Park Management Co., Ltd. officially opened. It is learned that this is the first park operation company jointly established by state-owned enterprises and private enterprises.

"The official operation of the park marks a new breakthrough in the reform of mixed ownership of state-owned enterprises in Ningbo," said the relevant person in charge of the Municipal State-owned Assets Supervision and Administration Commission.

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General export business of cross-border e-commerce of Ningbo Airport launched

The first batch of general exports of cross-border e-commerce from Ningbo, Yiwu, Taizhou, Hangzhou, and other places were assembled at the Lishe International Airport on the morning of July 17, as the first batch of general export commodity to be cleared and released at the airport. This batch of goods, a total of 7144 orders, mainly including such daily necessities as clothes and pieces of jewelry, will complete the whole customs clearance process on the morning of July 18 and then will be delivered via the flight MU5083 to Bangkok, Thailand. This marks the official launching of the general export business of cross-border e-commerce atNingboAirport.

The general export business of cross-border e-commerce refers to the process that the overseas individual consumers buy goods through the of the overseas individual consumers through the cross-border e-commerce platforms that have registered at the customs, and then the e-commerce enterprises or their agents and the logistics enterprises transmit to the customs the transaction, payment collection, and logistics

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Ningbo’s foreign trade blooms in first half of the year

“In the first half of this year, the growth rate of Ningbo’s foreign trade is higher than both the national and provincial averages.” said a person in charge from the Foreign Trade Department of Ningbo Commercial Bureau. Despite the complicated and gloomy foreign trade environment,Ningbohas maintained a steady growth in the first six months of this year.

According to the statistics from Ningbo Customs, in the first half of 2019, the total import and export volume ofNingboreached 432.72 billion yuan, up by 7.4% over the same period of last year, accounting for 2.95% of the national total. To be specific, the export volume stood at 277.88 billion yuan, up by 8.0%, accounting for 3.49% of the national total, while the import volume stood at 154.85 billion yuan, up by 6.5%. The growth rates of import and export volume, export volume and import volume are higher than the national averages by 3.5 percentage points, 1.9 percentage points and 5.1 percentage points respectively, and higher than the provincial averages by 1.7 percentage points, 1.4 percentage points and 3.2 percentage points respectively.

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Technology-development loans promote enterprise transformation and upgrading

“With the beneficial technology-development loans, we are now more confident in our technological research and development and the transformation of production lines.” said a Manager Luo from the Lvyi Oil Pump Co. Ltd., a technological enterprise of YuyaoCounty.

Currently, as an increasing number of enterprises are focusing on the mastering of core technologies as the key of their transformation and upgrading, the shortage of fund for scientific research is becoming increasingly prominent. To address the problem, Yuyao County has adopted the “technology + finance” to strengthen the financial support to the technological enterprises in such aspects as reducing the banks’ loan concerns, enlarging the loan coverage, increasing the amount of cooperative banks for more services, and docking with high-tech enterprises.

For example, the Lvyi Oil Pump Co. Ltd. achieved the main business income of nearly 100 million yuan in 2018. With the increasingly fierce competition,

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