Copyright 2024 - Ningbo Life / Ningbo Expat

2012 China Food Expo was held in Ningbo

The four-day 2012 China Food Expo will be opened today in Ningbo's International Convention and Exhibition Center.

The expo consists of 5 pavilions. The NO. 1 Pavilion presents traditional cuisine from around the country, including well-known Taiwan's cuisine. There are more than 60 food exhibitors this year, said the organizers. Visitors will have chance to taste well-known Taiwan snacks and refreshments including brown sugar lollipop, nougat, pineapple cakes, dried fish floss, guava juice, grapefruit, dark plum juice, mango pudding, charcoal peanuts, etc..

The No.1 Pavilion is featured by the fruits exhibition of Kuqa County, Xinjiang Uyghur Autonomous Region. Fresh pears, apricots, apples, dates, and walnuts are available here.

In addition, visitors can find donkey-hide gelatin produced in Shandong's Dong'e County, rice in Northeast China, Bread twist produced in Tianjin, liquor produced in Guizhou Province.

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Ningbo's major online retailers may top 300 m in sale on 'single's Day'

More than 10 billion yuan was spent in 1:38 pm of a 24-hour shopping bonanza at China's well-known business-to-consumer (B2C) online retail website Tmall.com on Sunday, or "Single’s Day", said Alibaba Group. The trade volume of the three Ningbo-based clothes retailers, Beyond, GXG, and Peacebird, is expected to exceed 300 million yuan.

The actual payment on Tmall.com hit 10 billion yuan last Sunday, a record high for Chinese retail industry. The figure not only shows the consuming potential of Chinese netizens, but also tests the overall capacity of Chinese online retailers.

According to data released by Alibaba Group, over 10 million people swarmed to its e-commerce website 60 seconds after the shopping feast began at midnight. Sales reached 250 million yuan in 10 minutes, 1 billion yuan in 37 minutes, 5 billion yuan in 8:10 am, and broke the record of last year in just eight hours. Volume reached 10 billion yuan as of 1:38 p.m., which was the target for the 24 hours.

Amid the current economic downturn, many companies turn to e-commerce for restructuring and further development. An increasing number of local online retailers joined this year's Single's Day promotion. The sale of Beyond Group hit 100 million yuan on 16:00 last Sunday, a year-on-year growth of 133 percent. "The number of shoppers grows substantially compared to the same period in 2011. We will serve about 9,000,000 customers today," said a staff member in Beyond's online store last Sunday.

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Ningbo obtains vehicle import approval

After a nearly two-year application process, Meishan Bonded Port Area has obtained the vehicle import approval officially issued by China's State Council, said local authorities on November 11.

This marks a major breakthrough for Ningbo port. It is estimated that the automobiles import in Meishan Bonded Port Area will amount to 200,000 in 2020, equal to the output of a large-scale automobile manufacturer. With its growing capacity, Meishan Bonded Port Area will form a highly influential and high value-added industry chain.

"We will give full play to the advantages of our location, policy and function while keeping a balanced export and import volume. We will strive to build a trade platform for automobile import and export, and establish the most convenient channel and distribution center for vehicles and parts in Zhejiang Province or the Yangtze River Delta region." said a top official of Meishan Bonded Port Area.

The move will further improve the international competitiveness and shipping services of Ningbo Port, which is to add momentum to ocean economy development in Zhejiang Province and improve the opening-up economy in an all-around way.

According to the plan, the automobile importing region in Bonded Port Area, with a total area of about 1,000 mu (164.7 acre), is divided into four functional zones, namely, the dock area, the storage yard, the inspection and testing area, and the comprehensive and value-added services area.

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Shanghai entrepreneurs seek investments in Ningbo

A group of entrepreneurs from Shanghai visited Ningbo last weekend to look for investment opportunities. The visiting delegation includes both Ningbo-born executives and business owners in real estate, logistics, and creative culture sectors.

During their visit, Bailian Group, Jinjiang International Group, and Heping Group showed interest in Ningbo's Wantou Block, which is located in the future Jiangbei administrative center and directly linked to the downtown area. According to He Tao, president of the Shanghai Bailian Group, Bailian has built six outlets in china's major cities like Wuhan, Nanjing, and Wuxi in recent years. It is negotiating with Ningbo government for the building of a new outlet in Jiangbei District. "As one of the three oldest districts in Ningbo, Jiangbei District is close to the urban center. We will hold more talks with local government, and we hope to build the second outlet in Ningbo," He Tao said.

Meanwhile, the AVIC International Leasing Co., Ltd., who offers leasing services of aircraft, electrical machinery, transport equipment and other assets, expressed their interest in cooperation. The general manager said they hoped to cooperate with Meishan bonded area in the future development of seaplane.

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