Ningbo to be built as a city with large international influence

Category: Governmental News
Published: Tuesday, 09 August 2016 11:10

According to the "proposal on drafting the 13th Five-year Plan for national economy and social development in Ningbo" by the municipal Party Committee, Ningbo will be built as a trade cooperation and exchange center with more international influence. 
Besides the economy and trade, such fields as education and culture, medicine and health, technological innovation and urban construction will also develop the open and innovative atmosphere and superior business environment with more international elements. As a large oriental port, Ningbo will strive to gain more international influence to become a trade cooperation and exchange center. 
According to the statistics from Ningbo Commerce Commission, in the first six months this year, ten overseas projects with the investment of over US$100 million were approved, with the total contracted capital of US$1.34 billion. Seven projects invested by some overseas Fortune 500 enterprises were approved, with the actual capital addition of US$690 million. Meanwhile, the volume of the approved or registered investment in overseas projects reached US$2.437 billion, with the actual investment value of US$1.151 billion, both doubling those of the same period of last year. An increasing number of Ningbo enterprises have built their overseas production bases, R&D centers and marketing networks. 
As a major international trade center and an important city for the opening of the Yangtze River Delta area, Ningbo will accelerate its construction of the trade cooperation and exchange center by taking advantage of the national "one belt and one road" initiative and the strategic chance of developing the economic belt of the Yangtze River area