Copyright 2022 - Ningbo Life / Ningbo Expat

Invest to Make “Strong Muscles and Bones” for Ningbo

In May, the Hangzhou Bay Geely Krypton Factory project with a total investment of more than 10 billion yuan was put into trial production. As one of the first batch of "future factories" in Zhejiang Province, it mainly produces pure electric new energy vehicles, which can achieve an annual output of 300,000 after reaching production capacity. The production capacity of vehicles is expected to add an annual output value of more than 50 billion yuan, with a profit and tax of 6.5 billion yuan.

In March, the second phase of the Ningbo Silicon Microelectronics IC IC chip packaging and testing project with a total investment of 11.1 billion yuan started. After it is completed and put into production, it can form an annual production capacity of 13 billion advanced packaging modules, and it is expected to achieve annual sales of 16.5 billion yuan.

In January, the construction site of Dongfang Cable's high-end marine energy equipment system application demonstration project was busy. After the project is put into production, it is expected to produce 220 kilometers of flexible DC submarine cables, 370 kilometers of dynamic submarine cables, 1,000 kilometers of submarine optical cables, and marine umbilical cables. 150 kilometers and 350 sets of marine cable accessories, the new sales income is 4.52 billion yuan, and the total annual profit and tax is about 590 million yuan.

A large number of strategic emerging industry projects with large investment, high output and strong driving force have been reported frequently, reflecting the sonorous step of Ningbo to promote the high-quality development of the manufacturing industry.

In the first half of this year, Ningbo Industrial Investment Qianfan competed like a rainbow and ran an enviable "acceleration". Among them, the city's accumulated industrial investment was 50.74 billion yuan, the manufacturing investment was 44.17 billion yuan, and the technological transformation investment was 30.72 billion yuan. The year-on-year growth was about 30%, and the two-year average growth rate was about 20%, ranking first in the province.

To stabilize the economy, industry takes the lead, and manufacturing takes the lead. In recent years, Ningbo has insisted on putting the focus of economic development on the real economy, giving priority to the development of advanced manufacturing, promoting the concentration of resource elements to advanced manufacturing, policy measures to advanced manufacturing, and strengthening of work force to advanced manufacturing, promoting the accelerated transformation of traditional industries upgrade.

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Digital brain development accelerates household appliance industry

Recently, Zhejiang Provincial Department of Economy and Information Technology announced the list of the first batch of pilot projects for industrial brain construction, and the bearing industry brain project and smart home appliance industry brain project, jointly developed by Cixi County, were included in the list. With the help of the development of industrial Internet and digital economy, the city will deeply implement the “No. 1 project” of digital economy and accelerate the construction of the six landmark industrial chains such as smart household appliances and high-end bearings.

The industrial brain is one of the core businesses of the digital economy system, as well as an integrated and open power-enabling platform for enterprise digital transformation, industrial ecological construction and economic governance. “Home appliances and bearing manufacturing are two traditional advantageous industries of Cixi County. Participating in the construction of industrial brain not only injects a ‘booster’ into the development of these two industries, but also boosts the confidence of the county’s industrial economy to achieve high-quality development.” said a  related person in charge in Cixi County.

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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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Development accelerated for Robot Smart Valley Town of Yuyao

In the first half of this year, the Robot Smart Valley Town of Yuyao County implemented the action of “tackling key problems in 100 days”. With the focus on 74 key projects, the town will take on a new look and have more complete functions.

The nanny-like service ensures the smooth implementation of the projects. The town’s “tailor-made” whole cycle tracking and whole process service measures will effectively promote the construction of various projects, serve all links of project development, and clarify the promotion plan, progress and relevant responsible personnel of each project. Meanwhile, the town will implement the weekly meeting system to accelerate the early implementation, production and effectiveness of major projects. This year, the town plans to invest 302 million yuan in industrial assets, and 130 million yuan in industrial projects in the first half of the year. The land acquisition projects by Ruitu Magnetic Materials, Heli Intelligent Equipment, Lisong Technology and Lemina New Materials are being accelerated.

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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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