Comprehensive competitiveness of industries in Ningbo continues to improve

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Category: Ningbo Business

Published: Monday, 19 December 2011 09:23

It is estimated that by eliminating the backward production capacity, Ningbo will reduce the yearly consumption of electricity by one billion KWH. Thanks to the policy of cultivating strategic emerging industries, the proportion of the eight strategic emerging industries occupied one-fifth of the total industrial output in the first three quarters of this year. All such achievements, mentioned by Zhang Shifang, Deputy Director of the Municipal Development and Reform Commission and Director of the Municipal Industrial Upgrading Office, in his speech delivered in the press conference on December 14, demonstrated that at the first year of the 12th Five-year Plan Ningbo accelerated its industrial upgrading and its comprehensive competitiveness of industries enhanced continually.

The port industry stepped onto a new stage by sticking to the revolving-oriented development. With the promotion of the extension project of Geely Automobile in Chunxiao Town of Beilun District and the 10 billion-yuan project in Wanhua Industrial Park of Daxie Development Zone, the port industry in Ningbo has further increased in aggregation and improved in comprehensive competitiveness. In the first ten months of this year, the developing rate of port industry took the lead among all the industries in Ningbo, with an increase of 34.4% in petroleum processing industry, 45.8% in chemical raw materials and products, and 40.2% in chemical fiber industry, much higher than the average growth rate.

The transformation of the traditional industries accelerated significantly by sticking to transforming and upgrading. In the past year, Ningbo has increased its efforts in technological reform and elimination of backward production capacity, strengthened the innovation of core technology and techniques and attached great importance to improving industrial competitiveness. It is estimated that the elimination of the 376 enterprises in 17 industries may save one billion KWH of electricity and 530,000 ton of standard coal. 13 enterprises in Ningbo rank among the 2011 top 500 manufacturers in China, taking up one-fifth of those selected in the whole province.

Cultivation of the emerging industries began to achieve initial success by sticking to planning ahead. In the first three quarters, the eight strategic emerging industries (such as new energy industry) realized an output value of 166.38 billion yuan, increasing its proportion in the total industry output value by 19.1%. A batch of demonstration projects have been moving forward in order, and a case in point is the construction of the Ningbo base project of China South Locomotive with an investment of 3 billion yuan, which will boast of an output of 150 rail transit vehicles.

The development energy of modern services industry was improved by sticking to the high-end orientation. In the last year, Ningbo has quickened its construction of a batch of major projects in services industry. The development energy of modern services industry has greatly been improved with the added value for the first three quarters reaching 172.67 billion yuan, up by 9.3% over the same period last year. So far, there have been 315 technology service institutes included in the statistics in Ningbo. It is estimated that the turnover of bulk commodity may reach over 200 billion yuan as commodity trading and headquarter economy are still on the rise.

Strengthening the technological innovation is the key to industrial transformation and upgrading. This year, the budget for technological expense stands at 2.502 billion yuan, up by 13%. In the first ten months, the technological activity expenses of the above-scale industries reached 9.7 billion yuan, up by about 30%. In the first three quarters, the cumulative volume of invention patents in Ningbo reached 1218, up by 40% over the same period last year.

The essential factor support and mechanism innovation guaranteed the progress of industrial transformation and upgrading. This year, the municipal financial budget for accelerating industrial transformation and upgrading reached 2.23 billion yuan, taking up 14% of the available municipal financial resources. In the meanwhile, by actively reforming the means of financial support, the city has seen a better play of the financial lever effect and leading role

Southern coastal ecological and economic zone to be built in Ningbo

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Category: Ningbo Business

Published: Tuesday, 13 December 2011 20:33

The "three-year action plan" of coastal economic zone in Fenghua was published on December 11. According to the plan, in the following three years, 9.2 billion yuan will be invested to build the southern coastal ecological and economic zone in Ningbo.

The eastern area of Fenghua consists of 61 kilometers of coastline and 96 square kilometers of marine space. "With the marine economy rising to be the national strategy, this golden area has become an important functional zone for building 'marine Ningbo', and it is also the potential spot and focus of future development." said Zhang Wenjie, Secretary of Party Committee of Fenghua.

Based on the existing industrial functions and regional features, Fenghua established the three complementary blocks of coastal functions (new coastal zone, the Sunny Bay and Little Lion Mouth) as the overall propulsion engine for the coastal comprehensive ecological and economic zone. Chunhu County, with its Sunny Bay project with an investment of 20 billion yuan and the new coastal zone with a total area of 16,000 acres, focuses on the building of a coastal city, the urban industrial load bearing area for Ningbo and marine economy central area for Fenghua. Songdai County, taking Zhejiang Shipping Company (with an annual output of 5 billion yuan) as its core, is building a global base for deep-sea equipment producing. Qiucun County attaches great importance to the building of coastal ecological habitat resort and coastal tourist resort.

In accordance with the requirements for infrastructure construction, Fenghua is focusing on the building of the coastal centre line, Feng-Chun Expressway and its connecting line, and Caohuang high way and connecting project of Yinzhou and Hengxi, to improve the traffic in the area. With the completion of building of the 4300-acre new coastal zone, the water network, road network and electricity network are also in the process of perfection.

Now, the eastern area of Fenghua has become a dream place for enterprises home and abroad. In the new coastal zone, 37 projects have been signed with a total investment of 6.932 billion yuan. There are another over 30 reserve projects. Zhejiang Shipping Company has attracted a dozen of related supporting enterprises to come to settle down in the area. With a total investment of 1.8 billion yuan, the Sunny Bay project is well under way.

Overseas marketing network opening up global channels

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Category: Ningbo Business

Published: Monday, 19 December 2011 09:22

In Dubai, the "capital of trade" in The United Arab Emirates, a China shopping mall invested by Ningbo business will be set up. Recently, Zhejiang Longmen Steel Structure Co. Ltd, located in Yuyao County, signed an agreement with Milas Holding Group in Dubai to build the China Phoenix Century Plaza with an investment of $400 million.

According to the statistics from Ningbo Municipal Foreign Economy and Trade Bureau, by September this year, the total number of the officially approved overseas trade businesses and economy and trade agencies had for the first time exceeded 1000, 1019, to be exact, with a total investment of $630 million. Within this year, the number of the newly approved overseas marketing institutes stands at 87, and the investment has increased by 1.8 times compared with the same period last year.

Based on the good reputation of "made in China" and "made in Ningbo" in the global market, some Ningbo enterprises with strength began to set up on a large scale overseas markets for Chinese goods. At the end of 2008, the Beining Center of China Economic and Trade Development, built and managed by the private enterprises of Ningbo, started business. And it has by far promoted the exports of Ningbo-made goods with a total value of $30 million to West Africa.

To make good us of the overseas marketing channels by purchasing department stores and shopping malls is a shortcut for Ningbo enterprises to get access to the global channel. At the beginning of this year, Ningbo Kaiyue International Trade Company purchased the First Department Store in Cape Town, the biggest shopping mall there. So far, over 100 foreign trade enterprises have established overseas marketing networks in 95 countries and regions. All those networks come together to create a worldwide network of marketing channels, which enable the Ningbo-made goods to enter and have more say in the international market

Ningbo Customs' tariff revenue increased by 5.4 times

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Category: Ningbo Business

Published: Tuesday, 13 December 2011 20:31

News came from Ningbo Customs on December 11 that in the past ten years of China's entry into the WTO, with the development of economy and enlargement of the trade scale, the tariff revenue for Ningbo Customs has been increasing year by year. In the first ten months of this year, the tariff revenue reached 66.69 billion yuan, up by 5.4 times compared with the 10.37 billion yuan in 2001.

It is reported that in the past ten years, China has reduced the import tariffs for over 6,000 products, with the overall level of tariff declining from 15.3% before China's entry into the WTO to 9.8%. All the promises of reducing tariffs have been fulfilled by now. The increase of tariff revenue for Ningbo Customs mainly attributes to the rapid rise of the volume of import and export trade in Ningbo port. Since 2001, the volume of import and export trade in Ningbo port has maintained a 28% annual increase, with the average annual growth rate of international container throughput reaching as high as 31%. In 2010, the overall volume of import and export added up to $161.3 billion, and Ningbo ranked No. 9 in terms of foreign trade scale, for the first time being among the top ten cities.

According to Feng Dong, Chief of Ningbo Customs tariff collection and management section, Ningbo port will witness further development of import and export trade. To enlarge bilateral and multilateral economic and trade cooperation, besides its free trade agreements or regional preferential trade arrangements with ASEAN, Pakistan, Chile, New Zealand and Peru, China will accelerate its pace of negotiating with Australia free trade area and China-Japan-South Korea free trade area. The tariff rate for some products is expected to continue to reduce