Yinzhou-made ice-cream machines exported to Emirates

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Category: Ningbo Business

Published: Monday, 05 March 2012 09:51

The other day, 1,728 ice-cream machines made by Ningbo Maijie Electric Company were exported to the Union of Arab Emirates. This is the first time Yinzhou exports its ice-cream machines to a foreign country.

In the world there is a great demand for ice-cream machines. The success of Yinzhou in exporting the machines opens a new channel for the export of home appliances made in Yinzhou It is a new opportunity for related companies for the export business

22nd East China Fair opened 1-3-2012

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Category: Ningbo Business

Published: Monday, 05 March 2012 09:49

The 22nd East China Fair opened today in Shanghai New International Exposition Center. The exhibition area of the fair reaches 115,000 square meters and it is participated by 14 delegations of 3,420 enterprises. There are four exhibition areas for clothes, textile products, gifts and household necessities. Of the 5,800 exhibition stalls the Ningbo delegation occupies 483 exhibition stalls, increased by 10% over the same period of last year. Ningbo has about 400 enterprises in the fair.

"At present, the situation for foreign trade is good and bad, with both opportunities and challenges," said Ding Haibin, head of the Ningbo delegation for the fair. Despite the great impact of the European debt crisis and the appreciation of the yuan, in the last year, Ningbo's export to the emerging markets in Russia, Brazil, USA and South Africa had a great increase, making up the loss in the traditional markets. On the other hand, Thanks to the rigid demands, Ningbo maintained a steady growth in the export of textile products, clothes and household necessities. "Our products for the fair are mainly textile products, clothes and household necessities, which are the main part of the foreign trade of Ningbo. The East China Fair is a great opportunity for Ningbo. We hope to have many orders."

Ningbo on-line financing platform for middle and small enterprises opened

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Category: Ningbo Business

Published: Monday, 05 March 2012 09:50

According to a meeting held yesterday on financing guarantee, after the 2-month trial operation, Ningbo on-line financing platform for middle and small enterprises officially opened.

The financing guarantee plays an important role for the development of middle, small and micro enterprises. In the last year, the business of financing guarantee valued 24.288 billion yuan, increased by 61.1%, covering 29.68% of the total of new loans granted to the middle and small enterprises. For this Ningbo is among the best in China. "Banks are having more and more cooperation with financing guarantee companies and this has laid a solid foundation for Ningbo to further standardize the business of the financing guarantee companies," said a related authority of Ningbo Municipal Economic Information Commission. This year, with respect to the business of financing guarantee, Ningbo will make a shift from quantitative expansion to qualitative improvement and ensure the growth rate to exceed 20%.

By the end of last year, Ningbo had 79 underwriting companies, whose registered capital totals 4.191 billion yuan.

Outsourcing service of Ningbo to break 10 billion yuan this year

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Category: Ningbo Business

Published: Monday, 05 March 2012 09:46

According to the statistics from Ningbo Foreign Economy and Trade Bureau, in the last year, the total turnover of the outsourced services in Ningbo reaches 8.564 billion yuan, increased by 30.95% over the same period of last year. Of the total, the value of the offshore outsourced services reaches 381 million US dollars, increased by 40.07%. By the end of 2011, the city had 608 outsource service enterprises involving 25,700 people.

Outsourcing service is characteristic of high technology element, high added value, low resource consumption and low environment pollution and for this it is called a "green engine". In the last year, Ningbo put outsourcing service into one of the key modern service industries in the 12th Five-Year-Plan Period and decided that by 2015 the output value of the service shall reach 20 billion yuan, including 850 million yuan for offshore service outsourcing, and the annual growth rate shall reach 25%.

For this target, Ningbo put aside funds of 10 million yuan, for the support of enterprises in outsourcing service for their operation, international certification and talent training. In the same year, the city strengthened the construction of some key industrial parks for outsourcing service.

A number of quality outsourcing service programs were settled in Ningbo. In May last year, IBM Smart Logistic Center opened in Ningbo National Hi-tech Zone and in the future it will gather over 100 software enterprises and 5,000 people. The annual output of software and outsourcing service will reach over 500 million yuan.

So far, the sources of the outsourcing service programs are from 82 countries and regions, with USA being the biggest source of offshore outsourcing service for Ningbo. It is reported that in 2012 Ningbo will make great efforts to expand the major contracting countries and make Ningbo more famous in this respect. In the year, Ningbo will have its outsourcing service break through 10 billion yuan