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Ningbo scored a harvest in HK Culinary Exhibition

The three-day-long Ningbo (HK) Quality Farm Produce and Famous Tea Exhibition concluded a couple of days ago. The exhibition offered displays, promotions, trade talks and introduction of foreign capital. Through achievement exhibition of modern agriculture, quality farm produce showcasing, promotion of agro-projects and trade talks, Ningbo well exhibited its charm in farm produce.

The exhibition totaled 500 m2 in area. A total number of 51 major agricultural businesses of Ningbo took part in it. The produce exhibited embodied the features of brand, green, environment-friendliness and tradition. During the exhibition, the city offered 200 investment projects. Cooperative agreements involving 680 million yuan were signed and intentional agreements of cooperation signed 1.25 billion yuan. Some 3000 business people from 31 countries and regions such as the US, Japan and Korea came to the fair to hold talks with Ningbo companies. They talked about cooperation on products of aquatic products, cereal and oils, vegetables, fruit juice and wine, etc, totaling 300 items.

In Hong Kong,  20 companies like Wanghai Tea Company, Zuocaiwang Seasonings, Sanxue Foods, etc were organized to visit Hong Kong's largest food supplier CRC and Lifestyle International Group. They talked to explore possibilities for cooperation.

Overseas Ningboese Economy Expanding

This year more and more Ningbo companies are making investments abroad. Information from the economic and trade bureau shows that during the first seven months of the year the city has newly approved 110 overseas investments and agencies, with the investment amount of 795 million USD, higher than last year's total (521 million USD), which set a historical high.

Encouraged by the city government, more Ningbo companies are going global. They are seeking to develop both domestic and international markets in a higher level, through merger or investing on mines to obtain raw materials, talents, technology and brand.

Developed countries like Germany are the priority destinations for Ningbo companies to make investments. In early June, Ningbo SHIP Group successfully procurement 66.67% shares of the German Vivanco company with 10 million euros. Another Germany company, Pury, a supplier of auto parts based in Bayern, was purchased by Ningbo Joyson Group. After the procurement, the Joyson Group owns a majority of equities and core technologies. The two parties would jointly run a transnational that generates over seven billion yuan per year.

Ningbo companies also made a breakthrough in making investments of service industry overseas. In April this year, an unknown company Shenbo Transport established a Ningbo Yiman Catering Co., Ltd. With 100,000 USD, which was the first overseas investment of the kind of Ningbo. Some time later, the XYYG Group opened its ISQUARE plaza in TST(Tsim Sha Tsui) of HK. It has a floor space of 500 M2. For the next step, XYYG plans to open restaurants in Tokyo and Singapore.

Top 100 companies represented by Youngor and FIRS have claimed the leading role in Going Global drive. Two years ago, FIRS signed a framework agreement with Australian Heron Resources Limited to conduct cooperation in a Ni Co project. A number of private companies such as the Yinyi Group and the Chunhe Group are engaged in mine development in Canada, Brazil and the Philippines, making them their backbone industry. The Top 100 Chart released shortly before indicates that 36 of them have investments overseas, with the assets overseas reaching 5.16 billion yuan, employing over 30,000 people.

By the end of July, Ningbo has got 1353 companies and agencies invested overseas, with the Chinese investment totaling 2.38 billion USD. The business scope keeps expanding, from the original export of labor services to procurement of brands, research and development, development of overseas resources, high sea fishing, etc. "Globalized economy is economy of transnationals. During the 12th Five-Year Plan period, we will encourage more companies to make investments overseas and to foster more transnationals of our own", said Mr. Yu Danhua, chief director of the foreign economic and trade bureau.

BUSINESS NETWORKING IS BACK: Next Friday the 19th

It’s that time again!  It’s time to brush off those business cards, put on your business attire, and make your way to the Shangri La Hotel on Friday the 19th for the next Asia English Business Event.  We have our own  stocked bar with drink specials, and a hall all to ourselves, where we can sit down, relax, and have one chance to tell other business people  or professionals in Ningbo exactly what it is you do!
There is only one rule…. You must help one other person in the group before leaving for the night.
EVENT DETAILS: 
Friday, August 19th ,  7:30 – 10:30
Junior Ballroom on the first floor of the Shangri La.
7:30 – 8:30 (meeting and social), 8:30 – 9:15 (introductions), 9:15 – 10:30 (drinks and opportunity to network)
60 RMB will be required at entry, and will give you 2 premium drink tickets to be used at the bar.
Please reserve your seat online (http://asiaenglishonline.com/event/8) or send a return email with the number of people you plan to come with!  Thank you!

Foreign businesses generated sales volume of 500 bln

Foreign businesses have become an important part of the economy, being one of the three powerhouses, together with private businesses and state-owned enterprises. A report released a couple of days ago shows that last year the foreign businesses of Ningbo generated sales income of 500 billion USD, with the tax turned over reaching 24.1 billion yuan, up 55%.

From April 15 to July 15, the competent departments of the city had an annual check of the registered foreign businesses. A total number of 5772 businesses have been checked, with the investment totaling 44.2 billion USD, registered capital 25.6 billion USD.

New technology helps Biliqi to transform

Recently, Zhejiang Biliqi Environmental Science Co. Ltd. began to launch its new water treatment products, attracting such famous brands as Outesi and Bolaisi etc, to cooperate with it. Last year, Biliqi readjusted its development strategies and transformed from a manufacturer of bicycle accessories to a producer of water appliances. One year later it has been well established in the water appliance industry, with 4 items of new practical patents and over 30 exterior patents.

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