Copyright 2024 - Ningbo Life / Ningbo Expat

Credit support of 7b yuan granted to foreign trade companies

Recently, a promotional activity for 100 developing foreign trade companies has been held in International Convention and Exhibition Center in Ningbo. The program was jointly hosted by the State Administration of Foreign Exchange(SAFE), Ningbo Branch and Ningbo Bureau of Foreign Trade & Economic Cooperation.

More than 120 small and medium-sized foreign trade companies secured credit support amounting to 7 billion yuan from financial institutions, which means a strong financial support for their future development.

The promotional activity belongs to a large-scale SME foreign exchange services program offered by SAFE Ningbo Branch. The move aims to further improve the foreign exchange allocation and step up development of Ningbo's open economy.

Ningbo ranks high in Zhejiang in consumption

According to the quarterly statistics of economy of Ningbo, it is preliminarily estimated that the GDP amounts to 129.02 billion yuan. Calculated by comparable price, the GDP increases by 7% over the same period of last year, with the growth rate 3.4 points lower than the same period of the last year. An analysis of Ningbo Statistics Bureau shows that despite the impact of the insufficient demand and internal adjustment and the pressure from economic decline, Ningbo is maintaining a gradual recovery of its economy.

The income of citizens grows faster than that of GDP.

In the first quarter of this year, the income of urban and rural residents grows faster than that of GDP. The statistics show that the urban per capita disposable income reaches 12,302 yuan, 13.0% more than the previous year. On inflation-adjusted basis, the income rises by 10.2%. The per capital cash income of the rural residents reaches 6,676 yuan, 13.5% more than same period of the previous year. In real terms, the income rises by 9.3%.

An analysis of Ningbo Statistics Bureau shows that the wage income and transfer-payment income are still the major source of the growth of the income of urban residents. The growth of the income of rural residents is mainly attributed to the considerable growth of the old-age pension, stock interest and rental income. The growth rate of these non-productive incomes is as high as 21.2%.

The slowing down growth of CPI and notable price reduction of houses.

In the first quarter of this year, the CPI increases by 2.5% against the same period of the proceeding year. It drops by 3.1 and 2.8 against the same period of the previous year and the average of the year.

Thanks to the control policies by the central government on the real estate market, the house price is declining in the first quarter this year. According to the State Statistics Bureau's report of the price movement of houses of 70 cities in March, the price of new houses and that of second-hand houses drop respectively by 1.7% and 0.4% on the monthly base. And on the yearly base, the prices drop by 3.2% and 4% respectively, a record fall this year

Ningbo released White Book of Ningbo's Intellectual Property Rights Protection

On the morning of April 25, Ningbo Municipal Government held a press conference, and released the White Book of Ningbo's Intellectual Property Rights Protection.

According to the white paper, in the last year, Ningbo strengthened the protection of intellectual property rights and implement special actions to crack down on crimes of intellectual property rights infringement and crimes of manufacturing and marketing of counterfeit and substandard goods. In the year, the city handles over 1,900 cases of various kinds.

According to the white paper, in the special actions, Ningbo Municipal Science and Technology Bureau and other departments concentrated on the crack down on the patent rights infringement of home appliances. In the year, the city investigated 6 cases of patent rights infringement, completed 7 cases, and handled 2 cases of patent counterfeiting.

The industrial and commercial administrative department concentrated on the investigation of cases of trademark infringement. It investigated 851 such cases, with the penalty for these cases totaling 36,055,900 yuan.

In the year, Ningbo Intermediate People's Court closed 652 civil cases of IPR infringement, 15 cases of disputes over contracts of IPR, 4 cases of disputes of disputes on the ownership of IPR, 626 cases of the patent right infringement disputes, and 6 cases of disputes over unfair competition and monopoly.

According to Ningbo Public Security Bureau, in the last year, 132 people were arrested for crimes of intellectual property rights infringement and crimes of manufacturing and marketing of counterfeit and substandard goods.

General recovery of economy in Ningbo

According to statistics released by Ningbo Statistics Bureau about the economic operation of Ningbo in the first quarter this year, in the severe situation home and abroad, Ningbo is taking take resolute and daring action to deal with the international financial crisis and to ensure the steady development in the future.

The economic decline at the end of the last year affected the industry of Ningbo this year. In the first quarter of this year, the GDP of large industrial enterprises amounted to 260.56 billion yuan, leveling the same period of the previous year with the growth rate 27.6 points lower than the same period of the last year.

However, on the monthly base, there is a growth of major economic indexes.

In the first three months, the growth rate of large industrial enterprises reaches 3.3 points. In March, the gross output of large industrial enterprises reaches 103.39 billion yuan, 5.3% more than the same period in the previous year. and 4.7%% more than the average monthly output of the previous year. This indicates that the monthly output has resumed the high level of the last year.

Besides, the total added value of the large industrial enterprises amounted to 47.65 billion yuan, increased by 28.% over the precious year and 4.5 points higher than the first two month this year.  In the same three month, the reduction rate of profit and that of profit tax drop by 7.9 and 0.6 points respectively.

Tang Baisheng, General Statistian of Ningbo Statistics Bureau said, "The drop of the reduction rates is confirmed by the drop of industrial power consumption. In the first quarter, the industrial power consumption drops by 1.1% over the same period of last year, with the growth rate 13.2 points lower than the same period of the last year but slightly higher than January and February. Taking the manufacturing industries as an example, the power consumption drops by 3.6% over the same period of last year but in March the power consumption rises by 5.1 points against January and February."

Foreign trade is recovering, though not very fast. In the first quarter, the total import and export volume reaches $22.29 billion US dollars, increased by 19.% over the precious year and 2.5 points higher than the first two months this year. Of the total, the export reaches 13.3 billion, increased by 4.8%.

In particular, the export in March rises by 10.9%, 2 points higher than the average growth rate of the country.

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