Copyright 2023 - Ningbo Life / Ningbo Expat

Fenghua building a highland for economic transformation

The signing ceremony for projects to be settled in newly established Ningbo Bamboo Industrial Park and Binhai New Town was held in Fenghua on November 11. 43 projects were signed, involving mechanism manufacture, clothing, bamboo industry, emerging industries and cultural industries, with the total investment of 7.5 billion CNY. This indicated the opening of the industrial parks.
To solve the constitutive contradictions and low profit level of the industry, this year Fenghua has injected large input for construction of industrial platforms cluster this year. It aims to forge high-level platforms that match emerging industries while doing a good job in traditional industries like clothing.
A number of industrial platforms with high starting points, advanced planning and high quality are under construction, including Binhai New Town, Ningbo Bamboo Industrial Park, Marine Equipment Industrial Zone and Recycling Economic Zone, etc. In Binhai New Town, an area of 4000 mu has been exploited, accounting for a quarter of the total planning area. The Ningbo Bamboo Industrial Park, with a total investment of 2.5 billion CNY, was planned to be built as one of the first-rate bamboo industrial parks in China.
According to statistics, over 50 projects each with registered capital of over 10 million CNY were introduced in Fenghua from January to September, up 42.8% over the same period last year, among which emerging industries accounted for over 60%. The planning area of the economic development zone has been expanded from 7.7 km2 to 41.4 km2.
The emerging industries of high-level service, manufacturing industries and precision farming, as well as new energy, new equipment and new material industries are rising greatly. From January to September, the output value of over 40 emerging industrial companies (each generating with over 5 million CNY) made up 25% of the total. The deepsea equipment industry has begun its taking-off. When the 3rd phase of the the deep-sea equipment project is put into operation, the annual output value is expected to surpass 10 billion CNY in five years

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