Ningbo enterprises attend the “cloud” Canton Fair

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Category: Ningbo Business

Published: Monday, 24 October 2022 14:35

On October 15, the 132ndChina Import and Export Commodities Fair (hereinafter referred to as “Canton Fair”) was opened online. This year’s session of Canton Fair attracted over 35,000 exhibitors, including 34,744 export enterprises and 416 import enterprises.

Ningbo delegation to the fair consists of 1,388 enterprises, with 1,796 online booths.

It is worth noting that the service duration of the online platform of the Canton Fair will be extended from the usual 10 days to five months. Except for the 10 days for exhibitors to connect and make appointments, other functions will continue to be open until March 14, 2023, in the hope of helping enterprises expand their global marketing network and expand the “circle of friends” of China’s foreign trade.

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Foreign trade remains a two-way win-win

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Category: Ningbo Business

Published: Thursday, 21 July 2022 14:20

As we all know, July and August are the holiday season for Europeans. For many of them, sunshine, blue sea, and sandy beaches will be their favorite holiday destination. It is not only a reward for themselves, but also to refresh themselves for the next step. So, no business!

However, as the epidemic continues, it is urgent for foreign trade companies to stabilize their orders. Despite all the difficulties, Ningbo  launched the country's first business round-trip charter flight to expand the market. In this regard, there were some different voices: It's the holiday season now. Foreigners might have gone on vacation, and customers may not be available; since there is no exhibition in Europe, their visit might be in vain; we might as well wait and see.

Despite all these voice, Wei Guowen responded with practical actions.

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Consumer Market: the Long-lost "City Fireworks" Is Back

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Category: Ningbo Business

Published: Thursday, 21 July 2022 14:21

In the summer, the public's enthusiasm for consumption heats up. (Photo by Wang Jianbo and Sun Jiali)

 In order to rekindle the "urban fireworks", Ningbo has restarted the issuance of consumer coupons from the end of February. In April, the General Office of the Municipal Government issued the "Several Measures to Stabilize the Chain and Help Enterprises in Ningbo". With the implementation of a series of bailout policies in the consumer sector, Ningbo's consumer market rebounded rapidly. Data released by the Municipal Bureau of Statistics shows that from January to May, the city's total retail sales of consumer goods reached 175.25 billion yuan, a year-on-year increase of 2 places in the province. Among them, the consumption recovery momentum in May was good, and the recovery rate of social zero was better than that of the whole province and the whole country. In terms of industries, industries such as home appliances and catering are gradually recovering, and new consumption fields such as live broadcast e-commerce are in full swing.

 Real money helps home appliance companies "buck the trend"

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Outstanding import and export of Ningbo port in the first half of the year

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Category: Ningbo Business

Published: Thursday, 21 July 2022 14:18

Data released by Ningbo Customs on July 16 show that in the first half of this year, Ningbo Port’s foreign trade was resilient despite the complex global economic and trade environment, and the import and export scale both achieved significant growth. In the first half of the year, import and export volume of Ningbo Port reached nearly RMB1.3 trillion, up 37% year-on-year. The export value amounted to RMB945.14 billion, up 39.5% year-on-year; the import value RMB352.74 billion yuan, up 30.8% year-on-year.

The EU, the United States and ASEAN remained the top three trading partners of Ningbo Port, which together accounted for 47.3% of the total import and export volume of Ningbo Port during the same period. The import and export volume to countries along the “Belt and Road” reached RMB431.38 billion, up 40.1% year-on-year, accounting for 33.2% of the total import and export volume in the same period; the import and export volume to other RCEP member countries amounted to RMB265.02 billion, up 29.4% year-on-year and accounting for 20.4% of the total.

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