Copyright 2022 - Ningbo Life / Ningbo Expat

Ningbo's CPI rises by 2.3% year-on-year in July, PPI grows for 9 consecutive months

Recently, the Ningbo survey team of the National Bureau of Statistics officially released the Consumer Price Index (CPI) and the Producer Price Index (PPI) of Ningbo in July.

In terms of CPI, in July, the consumer price of Ningbo urban residents rose by 2.3% year-on-year, 0.3 percentage points lower than the previous month, and the national average rose by 1.0% year-on-year. In terms of PPI, in July, the ex-factory and purchase prices of Ningbo's industrial producers rose by 0.1% and 0.9% respectively from the previous month, achieving positive growth for nine consecutive months; rising by 10.4% and 29.0% year-on-year respectively.

Specifically, in terms of CPI, the eight categories of prices in Ningbo in July "6 up and 2 down" year-on-year.

Read more: Ningbo's CPI rises by 2.3%...

Beautiful Ningbo will be upgraded during "14th Five-Year Plan"

How to build an upgraded version of "Beautiful Ningbo" during the "14th Five-Year Plan" period in Ningbo, where blue sky and white clouds have gradually become normal? According to the "14th Five-Year Plan for Ecological Environment Protection in Ningbo" recently issued by the General Office of the Municipal Government, Ningbo will implement 78 major engineering projects in six areas with a total investment of RMB59.36 billion, including approximately RMB47.63 billion during the “14th Five Year Plan” period.

The "Plan" puts forward that, in accordance with the general requirements of building a modernization of harmonious coexistence between man and nature, centering on the overall goal of fundamental improvement of the ecological environment, the overall focus is to reduce pollution and carbon emissions, promote green and low-carbon development, deepen pollution control, strengthen ecological protection, improve the governance system, fully integrate into the construction of the beautiful Yangtze River Delta, actively respond to climate change, promote the continuous progress of ecological civilization construction, and strive to a modern version of beautiful Ningbo.

Read more: Beautiful Ningbo will be upgraded...

Ningbo Sees Over 300 Billion Yuan of New Domestic and Foreign Currency Loans in the First Half of the Yea

In the first half of this year, Ningbo's economy showed steady growth and a positive trend, with agricultural production enjoying growth, industrial production and sales flourishing, and the service industry running smoothly.

This year, the city's financial institutions around the key areas to increase the supply of products and services, to ensure that the financing needs of the development of various industries. Statistics from the Ningbo Central Branch of the People's Bank of China show that in the first half of this year, the balance of loans in the city's domestic and foreign currencies exceeded 2.78 trillion yuan, an increase of 13.4% year-on-year and a growth rate 1.5 percentage points higher than that of the country. Among them, the balance of loans in the four major areas of manufacturing, private enterprises, small and medium-sized enterprises and agriculture increased by RMB 62.06 billion, RMB 134.18 billion, RMB 61.55 billion and RMB 52.41 billion respectively compared with the beginning of this year

"14th Five-Year" Development Plan for Ningbo's financial industry released

The recently released "14th Five-Year" development plan for the financial industry in Ningbo proposes that to further promote the two-way empowerment of industry and finance, optimize the joint prevention and control mechanism of financial risks, and create a wide-ranging and influential industrial financial innovation center and regional financial center, by 2025, Ningbo’s financial industry assets will reach RMB6 trillion, and the added value of the financial industry will reach RMB140 billion.

In recent years, Ningbo has built a complete financial ecosystem around the real economy, basically realizing the full coverage of bank-securities-insurance legal person institutions and the coordinated development of other functional institutions. During the "14th Five-Year Plan" period, Ningbo will focus on serving the real economy, preventing and controlling financial risks, and deepening financial reforms, fostering new economies, new business formats, and new models. With the Eastern New Town Financial Business District as the main body, Ningbo will introduce and cultivate local legal person financial institutions, functional headquarters, and regional headquarters; it will make good use of the national insurance innovation pilot zone, the national inclusive financial reform pilot zone and other

Read more: "14th Five-Year" Development Plan for...

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