Ningbo Explores to Set up State-owned International Investment Enterprises
- Details
- Category: Governmental News
- Published: Tuesday, 08 March 2016 08:32
Sources from meetings on Mar 4th suggested that, in 2016, Ningbo shall aim to keep its international trade among the top ranks nationwide. More specifically, it plans a 2% increase in export and positive growth in import. Outbound investment will reach $2.8 billion, up 10%; the total volume of contracts to provide overseas labor services will be $2 billion. A service trade system will be basically established with an equal 20% increase in both service outsourcing and offshore service outsourcing.
It was revealed that Ningbo will focus on the development of local enterprises with foreign trade in comprehensive services and the introduction of domestic cross-border service platform, so as to encourage Ningbo big circulation enterprises for more comprehensive services.
As is arranged by the Municipal Commercial Committee, Ningbo will foster a batch of multinationals based on upgraded incubation systems while trying to set up state-owned international investment enterprises. It also stimulates companies to go global by acquiring and restructuring international enterprises with good brand, techniques, marketing channels and R&D teams or extending their value chain globally. In response to the Belt and Road initiative, Ningbo encourages investment in corporate industrial parks of the countries involved and continues to boost foreign trade, manufacturing and resource development.
In 2016, highlighting all-round cooperation with central and eastern European countries (CEEC), Ningbo will endeavor to successfully hold the China-CEEC Ministerial Meeting, the second China-CEEC Exposition and a series of activities promoting investment, trade and cultural communication. It will also expedite the construction of state-owned international investment enterprises and service platforms for entrepreneurship in pursuit of breakthroughs in Ningbo-CEEC corporate industrial parks.
Meanwhile, Ningbo will improve systems for domestic sales of imports and encourage import of high-technology equipment, crucial accessories, and consumer goods. Besides, it’s accelerating the construction of differentiated markets and platforms
