Copyright 2021 - Ningbo Life / Ningbo Expat

Ningbo Shopping Festival launched on August 1

The 2021 Ningbo Shopping Fesitval, with the theme of “shopping in summer”, will be held from August 1 to August 31.

Reportedly, with the busiest consumption peak season in August, the shopping festival will focus on such fields as new consumption, mass consumption, catering consumption, business district consumption, night consumption, culture, tourism and leisure consumption, and carry out six theme activities, 10 key events and over 200 other promotional activities to bring consumers a new consumption concept and shopping experience.

The huge amount of discount is quite remarkable. During the shopping festival, all business districts and commercial circulation enterprises will carry out online and offline promotion activities, covering the six main elements of food, housing, transportation, tourism, shopping and entertainment, so as to create a consumption atmosphere of “city-wide discount season” during the festival and make consumers enjoy shopping.

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Ningbo's economy increases by 13.1% in the first half of 2021

On July 27, the Ningbo Survey Team of the Municipal Bureau of Statistics and the National Bureau of Statistics announced the economic performance of Ningbo in the first half of 2021. According to preliminary calculations, Ningbo achieved a regional GDP of RMB664.06 billion in the first half of the year, a year-on-year increase of 13.1% at comparable prices, an average growth of 6.0% in two years, 0.6 percentage points higher than the first quarter.

Ningbo’s economic development has shown steady growth and improvement, rising production demand and emerging momentum, and improved quality and efficiency.

Industrial production and sales are booming, and emerging momentum continues to increase. In the first half of the year, the added value of Ningbo's industrial enterprises above designated size has increased by 20.1% year-on-year, and the two-year average growth rate was 9.0%, 0.6% higher than the first quarter. The contribution rate of the secondary industry to GDP growth reached 56.6%. The effect of the "246" trillion-level industrial cluster is outstanding. The growth rates of the new materials industry, health manufacturing industry, and the core industry of the digital economy have reached 34.7%, 30.4%, and 30.0%, respectively. The industrial enterprises above designated size achieved a total profit of RMB91.62 billion, a year-on-year increase of 80.1%.

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Hangzhou Bay New Zone promotes the quality of regional development

In the midsummer of July, there are many good news by the Hangzhou Bay. Recently, four projects including Qianwan Innovation and Intelligence Center, Sunac Lenovo Industrial Park, Fangtai Ideal City, and Fangte Oriental with a total investment of 10.3 billion yuan in Hangzhou Bay New Zone have been intensively put into use. At the same time, the semi-annual economic data of the new area has been released one after another, and it continues to rise for the better.

"The project is the lifeline and drive force of economic development, and an important engine for achieving high-quality development." The person in charge of the Hangzhou Bay New Zone Management Committee said that this year, around the front-end project promotion, mid-end construction, and back-end results, the new zone has effectively promoted the rapid implementation and commissioning of a number of major high-quality projects, and jointly promoted the integration of industry, city and people into a new stage in the new zone. Data shows that from January to June, 62 new projects were signed and put into production, with a total investment of RMB49.21 billion, a record high.

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The Import and Export Scale of Ningbo Hits a Record High

The total import and export volume of Ningbo was 563.89 billion yuan, the largest scale in the same period in history, an increase of 30.7% over the same period last year, 3.6 percentage points higher than the national level, and a positive year-on-year growth for 14 consecutive months. The "semi-annual report" of Ningbo foreign trade is excellent.

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