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Ningbo to build 18,387 units of low-income housing this year

In a meeting, Party Secretary Wang Huizhong stressed that officials with competent departments must exert great efforts in ensuring the construction of low-income housing units so as to fulfill the yearly target and improve the housing conditions of the general public. Shou Yongnian, Wang Jianbo and Su Limian were present at the meeting.

As scheduled, this year the city is to start the construction of 1.21 million square meter of low-income housing, totaling 18,387 units (including 11000 units for public renting that total 600,000 m2), and increase 1251 units for low-rent leasing. By the end of July, the city has begun construction of 1.75 million square meters, totaling 16.279 units, about 88.5% of the planned target. The low-rent housing units have increased by 1730, about 138.3% of the target.

Wang Huizhong came to the Chenbodu trace and inspected the housing projects under construction. The 470 units of public rental houses undertaken by Yinzhou have had the mainstay completed and will be put to use by the end of next year. The 1000 units of low-income houses and 200 houses for public leasing that are undertaken by the Jiangdong were started in May and are to completed in April 2013. Wang Huizhong thanked the construction workers and urged the two districts to do the work well.

Fiji Governmental Delegation Visits Ningbo

On the morning of August 11, vice mayor Wang Renzhou met a governmental delegation from Fiji at the East Port Sheraton Hotel.

It was with the aim of learning about the development of the economic and social undertakings of Ningbo that the Fiji delegation paid a visit to Ningbo, in a hope of promoting the cooperation and exchanges in port development, smart logistics, trade and international finance.

The delegation then had a partnering talk with Ningbo companies. After that, they visited the Ningbo Port Group.

Foreign Business Service Month 2011 Kicks Off

The city is making efforts to enable 100 investment projects to be settled or completed, which include CHIA TAI ENT Agriculture project, Yongshang Property Development project and Yisheng Petrochemicals Phase-3. This is a message released from a meeting to kick off the Foreign Business Service Month 2011 held on August 12. Vice mayor addressed the meeting.

With the theme of Solving Difficulties and Optimizing Services, the Service Month aims to introduce more big projects and promote the industrial restructuring of existing foreign businesses.

During this month, competent departments will gather and sort out difficulties and problems confronted the foreign businesses and try to help out. They will maneuver to crack nuts of industrial upgrading, rising costs, financing, and power supply, etc. The government will organize companies to visit the Smart City Fair and to participate in the Private Businesses Face to Face with Global Top 500, etc.

39 financial and marine projects signed

Thirty nine finance and marine economy projects valued 43 billion yuan were signed at a partnering meeting on Ningbo's merging into the Shanghai International Finance Center and the Shanghai International Shipping Center. At the meeting Shanghai and Ningbo agreed to establish a 10 billion yuan fund special for marine economy and the two ports would jointly set up China's first shipping insurance agency.

The projects signed at the partnering meeting range banking, port transportation, energy development, modern logistics and infrastructure, worth about 30 billion yuan. The projects are mostly large-scale, high-ranking and involving a wide range of fields, such as finance, port transport, port-based industries and modern logistics. Many are brand new projects filling in gap in development of finance and marine economy. The 10 bazillion yuan fund will be operated under the guidance of the government and according to market conditions. It will try to engage more private capital in the development of maritime economy. The first earmarking for the fund will be three billion yuan, mainly for development of port services, port-based manufacturing and industrial clusters, seafaring, etc. The to-be-set-up shipping insurance agency shall not only promote the port trade, but improve the specialization and international competitiveness of Chinese insurance industry.

Other projects signed included the joint venture between the Ningbo Port Group and the China Shipping Group, which will manage the Meishan Container Terminal (berths No.1 and No. 2), worth 2.6 billion yuan, the Damu Bay HOPSDB, an investment project by the Xiangshan Damu Bay Development Commission and the Shanghai Shimao Property Development Co. Ltd., the Hangzhou Bay New Area Startup Fund (1.2 billion yuan) by Hangzhou Bay New Area Administrative Committee and the SBCVC, the International Yacht Base (2.5 billion yuan) by HK Sansheng and Fenghua Sunshine Bay Development Co., Ltd., the First Sino Bank Ningbo Branch project by NETDZ and the First Sino Bank, as well as the China Sports Commodities Town by Ninghai Government and the Shanghai International Packing and Printing Co., Ltd.

Xiangshan Bureau of entry and exit inspection and quarantine strengthens inspection on outdoor lamps

Xiangshan Bureau of entry and exit inspection and quarantine strengthens inspection on outdoor lamps

From January  to July 2011, Xiangshan has exported 277,645 cases of outdoor lamps, valuing $15.98 million. Since January 1, 2011, outdoor lamps have been included in the

Read more: Xiangshan Bureau of entry and exit...

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