Enterprises of Ningbo exploring business opportunities in Brazil

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Category: Ningbo Business

Published: Tuesday, 13 November 2012 11:50

Brazil is the host of the World Cup 2014 and the Olympic Games 2016. The great business opportunities by the great events are attracting businesses over the world, as well as the enterprises of Ningbo.

"Because of the economic depression in USA and European countries, many export enterprises are turning to Brazil, the emerging economic body in South America. We are no exception," said Wang Ping, Director of Export Department of Feilong Home Appliance Group. "The two events should be our opportunity for the market." "

Statistics from the customs show that in the first three quarters this year, Ningbo's export to Brazil has a rapid increase.

In fact, with the decline of the markets of the USA and Europe, more and more export enterprises of Ningbo are turning to the emerging market. Brazil, one of the Brics, is becoming a market that attracts many enterprises.

"Chinese enterprises are interested in the emerging market. This is what enterprises are doing," said Lin Hang, General Manager of Asian Co., Ltd. of Zhejiang Guangbo Group.

According to Ningbo Customs, in the first three quarters this year, Ningbo's export to Brazil increased by 11.1% against 2011, 9.5 points higher than the general growth of the export in the same period. The export to Brazil covers 2.6% of the total of the export.

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China Household Appliance Fair opened in Yuyao

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Category: Ningbo Business

Published: Tuesday, 13 November 2012 11:48

On the afternoon of November 7, the 6th Household Appliance Fair, jointly hosted by China Association of Import and Export of Electromechanical Equipment, China Household Appliance Association and Yuyao Municipal Government opened in the International Conference and Exhibition Center of China Plastics City in Yuyao.

The home appliance industry is the traditional dominant industry of Yuyao. Today, Yuyao has over 3,000 enterprises engaged in the industry and related industries, and its annual output reaches over 55 billion yuan. The city has over 20 Chinese brand name products and famous trademarks.

Top 100 Ningbo Brands 2012 released

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Category: Ningbo Business

Published: Tuesday, 13 November 2012 11:49

The Top 100 Ningbo Brands, the result of a program jointly implemented by Ningbo Merchants Research Institute, the brand strategy program team of Chinese Academy of Social Sciences, and the Brand Research Center of China, was released on November 8. The value of the 100 brands totals 267.8 billion yuan. Youngor ranks No.1, for its value of 14.86 billion yuan. Firs Group and Fotile are respectively No.2 and No.2 for their value of 11.57 billion and 10.14 billion yuan respectively.

Ningbo has been honored as Capital of Famous Brands of China. In recent years Ningbo has several famous brands. On the top 100 list are the time honored brands like Youngor, Firs and Fotile. There are also new brand names like GXG and Heyi Avenue. The brand names involve such industries as the textile industry, the home appliance industry, the cultural industry, machinery, canting, service, food and so on. There are 20 brand names from the electric equipment industry. The biggest value comes from the 14 brand names of the textile industry, valuing 80.01 billion yuan. It is learned that the threshold for list of the top 100 brands 2012 is 300 million yuan.

CEMD expert's suggestion on investment strategy

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Category: Ningbo Business

Published: Tuesday, 13 November 2012 11:46

Europe is not only an important destination of foreign trade of Ningbo, but also an important place that the investment of Ningbo enterprises goes to. On October 6, an expert of CEMD of Swiss made an introduction to Ningbo enterprises about the strategy for the investment to Europe.

From January to September 2012, the value of the bilateral trade of Ningbo and Europe reaches 17.54 billion US dollars, covering 24.1% of the total of exports of Ningbo, next only to the Asian market. In addition, the stable investment conditions, good economic environment and R&D capacity are great attraction to Ningbo enterprises. At present, over 1,000 enterprises of Ningbo have investments in Europe, especially Germany, UK and Italy.

The expert of the CEMD said that Ningbo is one of the most economically active places in east China and the enterprises of Ningbo are going out in steady steps. He suggested that to invest in Europe, Ningbo enterprises should first learn about European countries and follow the commercial patterns of the countries. In terms of the destinations for investment, he suggested that priority should be given to those with complete infrastructural facilities and the neutral countries.