Copyright 2024 - Ningbo Life / Ningbo Expat

Ningbo enterprises benefitted by preferential policies of free trade zones

According to Ningbo Bureau of Entry-Exit Inspection and Quarantine, from January to October 2012, the bureau issued 45,177 preference certificates of origin, involving exported goods valuing 1.56 billion US dollars, increased by 12% and 17% year on year. Calculated by 8% tax exemption, the exempted tax might reach 120 million US dollars.

In recent years, China is promoting the strategy for free trade zones. For the 20 free trade zones, the certificates that Ningbo enterprises demanded most are those for China-ASEAN free trade zone, accounting for about half of the total. The fast increase in the number of certificates of origin issued is for the China-Peru free trade zone. The issued certificates total 1,857, involving 65,760,000 US dollars, increased by 34% and 45% year on year.

Ningbo Bureau of Entry-Exit Inspection and Quarantine suggested that the export enterprises should make best use of the preferential policies of free trade zones, and get familiar with the rules of the free trade zones on the origin of exported products. It is advised that they should make good use of the certificates of production origin and make the best out of the preferential policies of the free trade zones.

Increments of saving deposits and loans ranked first in Zhejiang Province

The recently released data by the People’s Bank of China, Ningbo Central Sub-branch shows that loans by Ningbo financial institutions in the first three quarters mainly go to middle-small-micro enterprises, fields relating to agriculture, rural areas and peasants, and key projects. The saving deposits and loans increments both increased and ranked first in Zhejiang Province, followed by Hangzhou, capital city of Zhejiang.  
Till the end of September, the balance of domestic and foreign currency deposit reached 1.17 trillion Yuan, a rise of 109.76 billion Yuan on the beginning of this year and 28.45 billion Yuan on last year's same period with an increase rate of 11.22%, which is 2.07% higher than that of last quarter and 1.87% higher than the average provincial level. 
The balance loan-to-deposit ratio at the end of September is 100.21% and the increment loan-to-deposit ratio 100.73%. 
The loan growth comes mainly from the short-term loans and sees an increase from paper financing and middle-long term loans. Loans favor middle-small-micro enterprises, fields relating to agriculture, rural areas and peasants, and key projects. The deposit increment in the first three quarters of the middle-small-micro enterprises takes up more than 90%. The deposit balance of the middle-small-micro enterprises at the end of September achieved 712.1 billion Yuan, a rise of 69.083 billion Yuan and 91.26% of the total deposit increment. The increasing rate of the loans relating to agriculture, rural areas and peasants is higher than other loans. The amount at the end of September is 407.88 billion Yuan, a rise of 46.78 billion Yuan and an increase of 17.15% over the same period of last year.

3rd China Ningbo International Port Cultural Festival to open

According to the Organizing Committee of China Ningbo International Port Cultural Festival, the 3rd China Ningbo International Port Cultural Festival will open from October 26 to 18 in Beilun.

The festival is jointly hosted by International City and Port Association, China Port Association and Ningbo Municipal Government and undertaken by Beilun District Government and the Administrative Committee of Ningbo Economic & Technical Development Zone. Themed on "exciting port city and merry mood", the festival will have 6 kinds of activities in culture, tourism and fine food. Over 500 people will be invited to the festival, including representatives from international port cities, foreign ambassadors to China, representatives from famous port cities home and abroad and those from shipping business

Ningbo Port container throughput up 8% y/y

Ningbo Port is maintaining a steady growth despite the economic slowdown, data issued by the port's operator showed. Ningbo Port saw a cargo throughput of 39.5 million tons in September, a year-on-year growth of 8.5 percent, and a container throughput of 1.47 million TEUs, an increase of 16.5 percent year-on-year. The total container throughput in 2012 hit 11.97 million TEUs, an increase of 8 percent over the previous year, leading China's other ports in terms of growth rate.

Facing the complicated economic situation at home and abroad, Ningbo Port accelerated the pace of transformation and upgrading, and enlarged cargo canvassing network. All of the four major types cargo it handles (coal, crude oil, ores, liquid chemicals) registered growth on a yearly basis. Meanwhile, Ningbo Port makes effort to boost the development of the port container transportation by seeking cooperation with large shipping companies and big customers. The port also promotes their service by opening new routes and adding more flights. Ningbo Port has currently a total of 235 container routes, with 1,600 container flights per month. Data shows, 70 percent of the total container throughput was contributed by ocean routes, which marks Ningbo Port is turning to be a top port on ocean routes.

Plus, Ningbo Port is improving the service efficiency of container operations. On September 4, Beilun Terminal once again refreshed the world record maintained by the Ningbo Port by loading/unloading 235 containers per hour, or three containers per minute. Ningbo Port has been maintaining its first place in the efficiency rankings released by the world largest shipping company Maersk since last October.

Yinzhou gained 571 million yuan in National Day festival week

Statistics show that in the 8 festival holidays, the number of tourists the major scenic spots in Yinzhou received amounts to 942,400, 30.47% more than the same period in the previous year; and the income from tourism totals 571 million yuan, making new highs in both the total of tourists and the total of income.

On October 1, the district over 20,000 cars of self driving tourists, and this number covers 70% of the total of tourists going to the scenic spots. The occupancy rate of hotels is over 80%.

In the first three days during the National Day holiday week, self driving travelers swarmed to such scenic spots as Wulongtan, Tiantong Temple, Ningbo Museum, Tiangong Fazenda and Qinshuiwan Farmers' Inn. On October 2 alone, Tiantong Scenic Spot received about 10,000 cars of self drivers, some coming from Jiangsu, Shanghai, Fujian and even from Shandong.

Thanks to the policy support, Yinzhou has 20 museums that open for free to tourists. During the National Day festival holiday week, Ningbo (Yinzhou) Museum hosted the Exhibition of China Photoxylographical Printing Works and the exhibition of dinosaurs together with interactive activities. Ningbo Clothes Museum and and the Zizhufang Arts Gallery had continuous streams of visitors.

Statistics show that in the eight days, Ningbo (Yinzhou) Museum received 72,2000 visitors. Wanda Plaza had 88,000 visitors, with the business income reaching about 100 million yuan.

In the week, the farmers' inns in the district received 86,000 tourists.

The old revolutionary bases were favored by a large number of tourists. According to incomplete statistics, the revolutionary bases like Siming Mountain Cemetery of Revolutionary Martyrs and others received 50,000 visitors

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