Copyright 2023 - Ningbo Life / Ningbo Expat

Singapore Zhejiang Entrepreneurs (Ningbo) Digital Industrial Park established

On November 7, the Singapore Zhejiang Entrepreneur Association joined hands with dozens of affiliated organizations in the nine ASEAN countries to simultaneously hold the Zhejiang Entrepreneur Singapore Conference in Singapore and Ningbo both online and offline. At the Ningbo conference, the Singapore Zhejiang Entrepreneur (Ningbo) Digital Industrial Park was established, and 6 companies officially announced their entry, opening a new chapter in the digital technology cooperation between the two places.

 It is learned that this park is a joint venture between Ningbo Ningxing International Trade Investment Co., Ltd. and Singapore Holicheng Co., Ltd. The first batch of companies to settle in are from Beijing, Shenzhen, Suzhou, Hangzhou and other cities, and the business scope covers new energy, integrated circuits, etc.

What role will this digital industrial park jointly built by Chinese and Singaporean companies play? Li Guosheng, chairman of the General Association of Singapore Zhejiang Entrepreneurs and a native of Ningbo Yuyao, told that the park will attract more digital technology companies with leading technologies and promising capital from around the world to help them connect with venture capital institutions, find talents, and expand the market. At present, 260 domestic enterprises and 50 Singaporean enterprises have been listed in the investment database of the park.

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CEEC standard technical service platform goes online

According to news from Ningbo Institute of Standardization (Ningbo Central and Eastern European Standardization Research Center), the country’s only Central and Eastern European standard technical service platform is officially launched. The platform has 899,445 standard bibliographies of Central and Eastern European countries, covering all Central and Eastern European countries.

The Central and Eastern European Standard Technical Service Platform is an important part of the work of the Central and Eastern European Standards Research Center. Users can query the standard bibliographic information of the Central and Eastern European countries and the full text of the standard content of the collection through the platform.

The Central and Eastern European Standard Technical Service Platform Portal website is the main way for the Central and Eastern European Standard Technical Service Platform to display to the outside world, using the standardized public service platform domain name ( second-level domain name.

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Ningbo’s GDP of first three quarters exceeds one trillion yuan

On October 26, Ningbo Municipal Bureau of Statistics and the Ningbo Investigation Team of National Statistics Bureau released the city’s economic report for the first three quarters of this year. According to the preliminary accounting, Ningbo achieved a regional GDP of 1.03329 trillion yuan in the first three quarters, exceeding the trillion-yuan mark for the first time; The economic increase reached 157.1 billion yuan, exceeding that of the previous years.

Reportedly, despite the complex and severe domestic and international environment, since this year, the economic development of Ningbo has taken on a trend of steady growth and steady progress, with the production demand rebounding effectively, the emerging kinetic energy continuously enhancing, and the guarantee of people’s livelihood being solid and powerful. Calculated at the comparable prices, Ningbo’s GDP increased by 10.0% year-on-year in the first three quarters, 5.9% on average over the past two years. Both are higher than those of the whole country.

In terms of industries, the added value of the primary industry was 24.12 billion yuan, up by 3.4%, with an average growth of 2.7% over the past two years; the added value of the secondary industry was 488.68 billion yuan, up by 12.8%, with an average growth of 6.5% over the past two years; and the added value of the tertiary industry was 520.49 billion yuan, up by 8.0%, with an average growth of 5.5% over the past two years. The ratio of the three industries is 2.3:47.3:50.4, and the contribution rates of the three industries to GDP growth are 0.9%, 57.5% and 41.6% respectively.

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Large-scale job fair held in Ningbo

On the morning of October 28, the 2021 large-scale job fair, with the theme of  “Ningbo is my choice”, was held at Ningbo Human Resources Building. Over 170 enterprises and institutions attended the job fair, with over 850 posts, attracting over 1,250 talents to the spot. In addition to the services to local enterprises in Ningbo, a special recruitment block for enterprises from Wanzhou District of Chongqing was set up on site.

At the job fair, the posts launched by the participating institutions and well-known enterprises attracted students from various colleges and universities. Ningbo Special Equipment Inspection and Research Institute, Ningbo Meishan Island International Container Terminal Co., Ltd., Ningbo Rail Transit Group, Ningbo University of Technology, Jintian group, Riyue Heavy Industry Co., Ltd. and other well-known institutions or enterprises brought with them such job posts as Web front-end development engineer, Java software development engineer, electrical engineer, e-commerce operator, comprehensive secretary, copy-writing planner, accountant and fashion designer, with the average monthly salary of the posts exceeding 6000 yuan.

Qunchuang Optoelectronics received over 20 resumes at the job fair. “Most of the applicants are high-level talents from Ningbo University and other schools. At present, corresponding technical posts have been arranged for them and we are looking forward to the next docking interview,” said the recruitment director of Qunchuang

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Ningbo's actual utilization of foreign capital higher than provincial average

It is learned from Ningbo Municipal Bureau of Commerce that according to the latest approved data of the Ministry of Commerce, 442 foreign-funded enterprises were newly established in Ningbo from January to September this year, an increase of 97 over the same period last year, equivalent to an average increase of 1.6 new foreign-funded enterprises per day. The actually utilized foreign capital was US$2.89 billion, with a year-on-year increase of 34.8%, which was 9.6 percentage points higher than the national average and and 13.8 percentage points higher than the provincial average.
A close look into the report of the foreign investment attraction in Ningbo in the first three quarters reveals both the increase in amount and the improvement n quality of foreign investment, especially the steady increase of the investment from the world Fortune 500 enterprises. Among others, such world Fortune 500 enterprises as Lyondell Bassel (from Holland) and Costco (from US) have set up five new projects in Ningbo, with a total investment of US$1.44 billion. Up to now, the city has introduced 69 overseas Fortune 500 enterprises, which have invested in 152 projects (branches) in Ningbo, with a total investment of US$22.91 billion.
The services industry is an important support for the growth of foreign investment. In the first three quarters, the actual foreign investment in Ningbo's services industry was US$1.88 billion, a year-on-year increase of 65.7%, accounting for 64.9% of the total in the city. The actual utilization of foreign capital in the high-tech services industry, such as information technology services, scientific and technological achievements transformation services, and R&D and equipment services, was US$870 million, a year-on-year increase of 444.3%, accounting for 46.4% of the total actual utilization of foreign capital in the services industry. The accelerated integration of foreign capital and local innovative elements has become an indispensable driving force to enhance the city's competitiveness.

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