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Ningbo's GRP in the first half of 2011 amounted to ￥271.36 billion, a corresponding increase of 10.3% per comparable price calculation

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Category: Governmental News
Published: Tuesday, 26 July 2011 09:56

According to www.http://cnnb.com.cn, it is learned from the press conference on Ningbo's economic situation in the first half of 2011 that, against the background of macro-retrenchment, Ningbo's economy has maintained a steady and comparatively rapid development, with the first half of 2011 laying a very good beginning. Ningbo's GRP(Gross Regional Product) in the first half of the year amounted to ￥271.36 billion, a corresponding increase of 10.3% per comparable price calculation.

According to Tang Bosheng, chief statistician and spokesman of the municipal bureau of statistics, the first industry brought in an added value of ￥9.69 billion, an increase of 3.4%; the second industry ￥148.6 billion, an increase of 11.2%; the third industry ￥113.07 billion, an increase of 9.8%, the ratio of the three industries being 3.57 : 54.76 : 41.67.

The first half of the year brought in a GDP of ￥15.07 billion in agriculture, forestry and fishing, a corresponding increase of 3.4% per comparable price calculation. The upgrading of industry was pushed ahead, with industrial production on steady and fairly rapid increase, with both quality and profit steadily raised. The GDP of above-size industry amounted to ￥562.42 billion, an increase of 24.1%.

The first half of the year saw a revenue of ￥572.62 billion in service industry, a corresponding increase of 21.1%. newly emerging service experienced a more rapid development, with a revenue of ￥6.61 billion for software business, a corresponding increase of 29.7%; software export amounted to ＄50.34 million, an increase of 19.7%, of which ＄11.57 million came from software outsourcing, an increase of 21%, with a revenue of ￥96.8 million. The first half of the year saw a total sale of commodities of ￥414.75 billion, a corresponding increase of 26.2%, with the consumer goods market running smoothly on the whole.

In the first half of the year, ￥108.49 billion investment in fixed assets was completed, a corresponding increase of 20.1%. What is worth mentioning is that the increase rate of investment in industry turned positive from negative, with ￥29.31 billion investment in industry completed, a corresponding increase of 4.6%, with the increase rate 2.7 percentage points higher than the same period last year and 7.2 points higher than that of the first season. ￥34.9 billion investment in housing development was completed, a corresponding increase of 35.8%, 10.5 and 36.8 points lower than the corresponding period last year and the first season of this year.

In the first half of the year, Ningbo approved 201 new foreign investment projects, 21 less than the corresponding period last year, with a contracted foreign capital of ＄2.41 billion, a corresponding increase of 30.3%, 19.3 points higher that the same period last year, actually using ＄1.43 billion, an increase of 22.2%, 28.2 points higher than the same period last year.

The general budget income of the whole city amounted to ￥80.89 billion, an increase of 31.1%, with the increase rate 8.1 points higher than the same period last year, of which the local general budget income ￥39.09 billion, an increase of 33.2%, general budget expenditure ￥32.16 billion, an increase of 32.5. By the end of June, financial institutes of Ningbo had a RMB and foreign currency loan balance of ￥1.02 trillion, a corresponding increase of 17.8%, and ￥80.36 billion more than the beginning of the year.

In the first half of the year, consumer price rose by 5.9% compared with the corresponding period last year, with 7 of the 8 categories of price rising and 1 dropping. Food and housing are the main force to push up the index, driving it 4.93 points higher, accounting for 83.6% of the increase. Prices of the 16 categories of food all rose together for the first time, with prices of grain, aquatic products, meat and their products increasing 13%, 18.2% and 17.3% respectively.

Housing prices gradually became stable. From January to June, the annular indexes of prices of newly built houses were 100.1%, 100.4%, 99.4%, 100.4%, 100.3%, 100.1%, with those of second-hand houses being 100.2%, 99.9%, 100%, 99.9%, 99.8%, respectively. Judging from the annular trend, housing price of Ningbo was stable on the whole, fluctuating about 100%, indicating that the "limit on house purchase" policy had worked effectively in keeping housing price from rising. From January to June, Ningbo's rise in housing price ranked 56th, 53rd, 54th, 57th, 55th, and 56th among the 70 large- and medium-size cities.

Urban citizens' income increased fairly rapidly. In the first half of the year, the average disposable income per capita amounted to ￥18,592, a corresponding increase of 14% (7.6% after deduction of price index), with an average consumption expense of ￥10,731 per capita, a corresponding increase of 15.4%. From the make-up of this income it can be seen that property income decreased a little compared with the corresponding period last year while other items of income increased by different degrees. The average salary income per capita for urban citizens amounted to ￥13.167, a corresponding increase of 10.2%, still the decisive factor of the income increase. The average net income per capita from business operation amounted to ￥2,183, a corresponding increase of 28.2%.

The increase in income for rural people was faster that urban people. In the first half of the year, the average cash income per capita for rural people amounted to ￥10,228, a corresponding increase of 15.3% (8.5% after deduction of price index), 2.8 percentage points higher than the corresponding period last year and 1.2 points higher than the first season.

The sixth session of Ningbo Association for Friendship with Foreign Countries

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Category: Governmental News
Published: Tuesday, 26 July 2011 09:54

On the afternoon of July 19, the sixth session of Ningbo Association for Friendship with Foreign Countries was held. Chenxin, deputy secretary of the municipal party committee and director of the association was present and delivered a speech.

The meeting examined the work report of the fifth session and put forward proposals for work within the next five years. It also approved of the newly elected director, deputy directors and the revision of the articles of the association.

Chen points out that Ningbo is now in a critical time of internationalization, urbanization, informationalization and marketization. Opening up to the outside world has been the greatest advantage for Ningbo's development and will be the greatest foundation for Ningbo to depend on for future development. He expressed his thanks for the association's work to push forward Ningbo's friendly relationship with cities of other countries and to help private enterprises to develop business and investment in other countries. He hoped the association will continue to play its role as a bridge with other countries. He pointed out that the association should combine folk diplomacy with Ningbo's foreign trade, push forward the multi-cultural communication among peoples and show great concern for all the foreigners working and studying in Ningbo so that folk diplomacy can make further contribution to Ningbo's opening up.

Foreign trade in private enterprises accelerated in the first half of the year

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Category: Governmental News
Published: Tuesday, 26 July 2011 09:53

According to statistics from Ningbo customs house, in the first half of 2011, foreign trade in private enterprises stabilized and began to pick up, with import amounting to ＄23.17 billion, a corresponding increase of 22.7% and 2.8 percentage points higher than the increase in foreign trade in Ningbo for the same period, accounting for 49.5% of the sum total of import and export, contributing 55.1% to the growth in foreign trade in Ningbo.

Private enterprise are a major force of foreign trade in Ningbo and have become the most active and vigorous market entities of foreign trade. With the global economy picking up, with the policy support of the state and local government, the import and export business in private enterprises have begun to pick up steadily. As far as business partners are concerned, the export markets of enterprises mainly include the European Union, the United States and ASEAN countries while business with the Oceania, Japan and Russia has also increased rapidly.

The biggest amount of exported products in the first half of the year are mechanical and electrical products, followed by labor-intensive products, both of which increased quickly. The export of mechanical and electrical products amounted to ＄8.23 billion, a corresponding increase of 18.42%, accounting for 54.2% of the sum total of export of the same period. At the same time, the export of traditional labor-intensive products amounted to ＄4.95 billion, a corresponding increase of 24.4%.

Ningbo ranks the third in the degree of satisfaction with basic public service

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Category: Governmental News
Published: Tuesday, 26 July 2011 09:54

The Blue Paper on Public Service issued on July 16 by the Chinese Academy of Social Sciences indicates that, in the list of satisfaction with basic public service among the 38 major cities, Ningbo ranks the third, only after Beijing and Qingdao.

The paper was issued on July 17 by the academy, based on a survey among 38 major cities.

The capacity of basic service refers to the government's capacity to provide basic service concerning social security and employment, basic medical care, public safety, basic education, housing, public transportation, urban environment, sports and entertainment, etc.

Results of the survey show that housing, social security, and medical care are the three problems that arouse the most public concern. The overall degree of satisfaction with basic public service is comparatively low, but still within bearable extent.

The top ten cities on this list are Qingdao, Beijing, Ningbo, Dalian, Lasa, Zhuhai, Hangzhou, Chongqing, Xiamen, and Zhengzhou.

500 companies exempted over 100 million yuan

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Category: Governmental News
Published: Tuesday, 19 July 2011 14:35

On July 13, the People's Bank of China Ningbo Branch released the information that since the cross-border RMB settlement was started on a trial basis on June 23, 2010, the cross-border settlements by the end of June reached 27.291 billion yuan, which means the exchange costs saved for 500 companies reached 100 million yuan.

Cross-border RMB settlement services are getting multifarious, such as RMB credit settlement, RMB L/G, RMB collection, etc. In terms of settlement structure, trade of imported goods takes a dominant position. In about a year's time, the settlements for imported goods amounted to 16.15 billion yuan, accounting for 59.19%. The settlements for exported goods keep rising too, totaling 502 million yuan during the year.

The piloting settlement of overseas direct investment has made some breakthroughs. Through increment of investment by RMB and project investment, the direct investment via RMB totaled 264 million yuan. The investment increment by foreign investors and loans of overseas shareholders reached 499 million yuan.

The overseas regions for RMB settlement keep increasing, from the original HK and Macau, Asian, to the US, Russia, the UK, France, Germany, Australia, Brazil, Argentina, Iran, UAE(United Arab Emirates), totaling 44 countries and regions.

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