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Balance of deposits and loans for financial institutions in Ningbo more than doubled within five years

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Category: Governmental News
Published: Tuesday, 28 February 2012 11:19

Statistics show that by the end of last December, Ningbo's total banking assets and liabilities reached 1.452728 trillion yuan and 1.392335 billion yuan, an increase of 927.608 billion yuan and 881.499 billion yuan respectively over the end of 2006. The balance of deposits reached 1.065927 trillion yuan, an increase of 595.877 billion yuan or 126.8% over the end of 2006. And the balance of loans reached 1.067684 trillion yuan, an increase of 6.7668 billion yuan or 173.1%.

In recent years, the financial institutions have attached great importance to the hot topics in economic and social fields, promotion of loans to small enterprises and new rural construction. According to statistics, by the end of last December, the balance of loans by small enterprises accounted for 56.6% of all loans, with an average annual growth of 30%. Over the past five years, the paper profit for the financial institutions in Ningbo reached 86.06 billion yuan, making banking industry one of the fastest growing industries and biggest local financial revenue contributors among the tertiary industry domain.

Over the last five years, the new business types and financial products carried out by banks in Ningbo have increased to about one hundred items, and the number of innovative products has doubled. Financial products have now become an important source of property income for citizens. Besides products, the type of banking institutions has gradually enriched and service coverage expended. By the end of last year, there were 58 banking institutions (falling into ten categories). There are 1939 business terminals with 35411 employees, up by 10.6% and 43.6% respectively compared with the end of 2006. The service coverage has extended to every district and villages of the whole city.

Export tax rebates reach 100 mln yuan per day

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Category: Governmental News
Published: Tuesday, 21 February 2012 10:03

It was learned recently from the Municipal Bureau of Taxation that a total of 14,303 tax paying companies have been approved of export tax rebates in 2011, valued 385 bln yuan, increasing by 20.7% over the same period of the previous year. Ranking fifth nationwide and first in Zhejiang Province, the tax refunding aggregates provide sufficient capital support for the city's open economy to reverse in adversity.
In 2011, faced with the complex economic situations domestically and internationally, foreign trade in Ningbo saw a continued upward trend, with its total volume almost hitting 1000 bln US dollars (98.188 bln US dollars) this year, up 18.4% over the same period the previous year. This includes 60.832 bln US dollars of exports, an increase of 17.1%. Correspondingly, the city's tax departments have fully performed the regulatory function of taxation by properly carrying out export tax rebate policies, constantly simplifying relevant auditing and approving procedures based on controllable risks, and doing their utmost to reduce the time needed for the capital turnover of enterprises, thus refunding over 0.1 bln yuan per day on average for exporting enterprises, particularly for mechanical and electric, textile and garment companies.
In 2012, faced with new export situation and its new features, the city's taxation department has formulated the "Breaking and Speeding" Campaign Plan on Export Tax Rebate, stating that it will be carried out in the first half of the year. This campaign will aim to take account of the reasonable demands of exporting enterprises, further improve the service and management of export tax rebate, accelerate relative auditing and approving procedures, and ensure timely and sufficient export tax refunding through various concrete measures such as raising the reading-in frequency of external information, trying out “spot application” of export tax rebate service in some regions, promoting internet application, upgrading the transmitting means of materials for approving, developing policy-promoting service and warning service, etc.

Vehicles in Urban Area to Be Fueled by Natural Gas instead of Petrol

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Category: Governmental News
Published: Tuesday, 21 February 2012 10:02

The air quality in the urban area of Ningbo will be greatly improved in the near future as some of the buses, taxies, port container trucks are expected to use natural gas rather than petrol as fuel as required by the city government in the Gas-for-Petrol Scheme of Buses, Taxis, Container Trucks in the Urban Area which was released a couple of days ago.
According to the Scheme, by the end of the 12th Five-Year Plan there will be 2500 natural gas buses in the urban area, to account for half of the total, with around 10 supporting service stations. There will be 3500 dual-fueled taxis (petrol and natural gas), accounting for 70% of the total, with 15 to 20 service stations providing two fuels. There will be 500 container trucks using natural gas, accounting for 40% of the total in Ningbo Port, with 3 to 4 service stations providing LNG.
Currently, there are over one million motor vehicles in the city. Emissions by vehicles are responsible for 30% of the air pollutants in Ningbo among which the most frequently used buses and taxis account for nearly a half. All of these constitute a major threat to the quality of the air. It is indicated that emissions of various toxic gases can be reduced by 85%, noise by 40% if natural gas is used. Also, the cost of this fuel is lower than petrol. Natural-gas-fueled buses and taxis are widely seen in cities of Chengdu, Chongqing and Xi'an.
The scheme will be carried out in six districts in Ningbo step by step. The rest places can make some adjustments with a reference to their own situations.
According to the scheme, targeted vehicles for natural gas are buses, taxis and port container trucks in the urban area. LNG( liquefied natural gas) is more suitable for container trucks and passenger buses with heavy weight, big displacement and long-distance drive. CNG (compressed natural gas) is more suitable for cars, taxis and buses. Taking these elements into consideration, buses are expected to rely on both LNG and CNG, taxis on CNG and port container trucks on LNG only.
In response to those changes in vehicle fuels, the construction of LNG, CNG or L-CNG stations will be added to laying-out of bus stations. CNG stations or LNG-and-Petrol stations will be added to urban planning and LNG station added to ports. Presently, the construction of city natural gas station has already been started.

CPI up 3.9% in Jan

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Category: Governmental News
Published: Tuesday, 21 February 2012 10:02

The CPI in January of the city went up by 3.9% on the previous month, of which new prices rising factors in this month constitutes 2.2 percentage points and the carryover effect of last month’s prices 1.7 percentage points, according to the CPI data released by National Bureau of Statistics in Ningbo.
Among eight categories analyzed, the prices of six categories went up and two went down, of which, food prices rose by 14.0%, meaning 4.0 percentage points growth in the overall price level; the prices of the rest categories basically offset one another. Among them, prices for household facilities, articles and maintenance services surged 5.1% month-on-month; health care and personal articles, rose by 3.8%; tobacco and liquor, up 1.6%; residences, grew by 0.5%; transportation and communication, increased by 0.3%; clothing, down by 1.2%, and the prices of recreation, education, cultural articles and services declined by 5.1%

Ningbo to Build Strong Marine Economy Geared to National Strategy (Part-3)

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Category: Governmental News
Published: Tuesday, 21 February 2012 10:01

III. Multifarious Policies Made to Assist the transition and upgrading of enterprises
According to news from the working conference of Ningbo's industrial and commercial administration held a couple of days ago, the authority for the administration of industry and commerce was determined to continuously carry out preferential policies to promote regional economic development. 
In the previous year, Ningbo authority of industry and commerce drafted a series of policies and regulations to support the reform of new industry and culture industry, the listing, restructuring and merging of enterprises after in-depth investigation, which has correspondingly attained its goals to some extent. Market entities in 2011 increased by 94, 668, amounting to 498,805 in total which were all of higher qualities.
The authority has also made great efforts to build and maintain brands and trademarks. The registered trademarks of 2011 increased by 19,426, and 10 were verified as reputed trademarks by the administration and 45 verified as renowned ones of Zhejiang Province. In addition, the authority successfully cracked down counterfeit products of Deli Stationary and Youngor nationwide for the first time, winning itself the Gold Medal for Protecting Trademarks awarded by the World Intellectual Property Organization and SAIC jointly.
In the construction of the network for safeguarding consumers' rights, the government has built 3,034 offices of "one association and two sites" which means the branch of Consumers Association and the site for complaining and the 12315 contact center. It has also set up 782 contact centers for rights protection, saving 25.34 mln yuan for consumers. 
It is learned that in the coming year, Ningbo’s industrial and commercial administration would work harder to facilitate and ensure the rapid while steady economic and social development of Ningbo.
III. To promote marine development through science and technology and develop the new marine industry
The extent to which the new marine industry develops decides on the competitiveness of the marine economy. Ningbo has enrolled the development of marine high technology as a key strategic new industry. It is expected that in five years the added value of the new marine industry accounts for 30% of the marine gross product and the contribution rate of technology in the marine economy takes up above 70%.
First, to improve the research and development system of technology. An open and mark vet-oriented marine technology innovation system that combines learning with research and production and takes enterprises as its mainstay is to be set up to increase the capacity for independent innovation. Special attention will be paid to key fields such as equipment manufacturing, biomedicine and seawater comprehensive utilization to acquire key technology of independent intellectual property. Support will be given to the establishment of marine comprehensive research institute with Ningbo University as the base. Enterprises, social organizations and individuals are encouraged to establish marine technology and research innovation center and to build marine basic research platform, hi-tech R&D platform and technology application platform. Second, to speed up transformation of hi-tech achievements. Support policies for the industrialization of hi-tech achievements and the function of regional technology trading center are to be improved. Pilot enterprises are to be established to promote the new marine industry cluster.
Third, to enlarge the scale of emerging industries. Emerging industries including equipment manufacturing, clean energy, biological engineering, biomedicine, seawater comprehensive utilization and new marine materials are to be promoted to improve the industrialization level and competitive edge. Extension projects (Phase II and phase III) of Zhejiang Shipyard, extension projects of Samsung Heavy Industries and marine diesel engines of Ningbo CSI Power & Machinery Group Co., Ltd. are to be promoted. The establishment of Ningbo LNG terminal and reserve bases are to be sped up. Wind power plants including southeast coastal area of Xiangshan, Hangzhou bay new zone and Beilun Chuanshan Island will be established. Meanwhile, modern marine fishery is to be further developed and aquatic product processing zones are to be set up. Forward contract trading of main fishery products and oil tanker industry are to be developed to promote the coastal tourism.
　　 The establishment of the key demonstration area of marine economy is an important strategy that concerns the future. We should set up an secure system of policies, talents, basic infrastructures and marine comprehensive management according to the 3-Thinks and 3 Pursues Campaign to transform the growth pattern of the marie economy and build Ningbo into a municipality of strong marine economy

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  1. Ningbo to Build Strong Marine Economy Geared to National Strategy (Part-2)
  2. Ningbo to Build Strong Marine Economy Geared to National Strategy (Part-1)
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