Annual Report of Foreign-funded Enterprises of Ningbo released
- Details
- Category: Governmental News
- Published: Tuesday, 04 October 2011 12:30
Recently, the Annual Report of Foreign-funded Enterprises of Ningbo 2010 was released. The report shows that in Ningbo, every 100 million US dollars of foreign capital contributes to the annual tax income of 1 million US dollars, 3,427 jobs, value of import and export of 145 million US dollars, and a profit of 157 million yuan. As one of the first coastal cities opening to the outside world, Ningbo always persists on introducing foreign investment. According to Ningbo Municipal Foreign Economic Cooperation Bureau, by the end of 2010, the totals of investment, registered capital and paid-in capital of foreign-funded enterprises registered in Ningbo respectively increased by 4.20 billion, 3.04 billion and 2.53 billion US dollars. In 2010, the number of foreign-funded enterprises registered in Ningbo reaches 5,772, with the investment totaling 44.211 billion US dollars, registered capital 25.56 billion US dollars, and paid-in capital 23.81 billion US dollars. The rising number of foreign-funded enterprises leads to increasing contribution to the economy of Ningbo. Reportedly, in 2010, the sales output of foreign-funded enterprises reaches 518.2 billion yuan, increased by 34 over the same period of last year; the profit totals 37.3 billion yuan, increased by 71% over the same period of last year; the tax paid amounts to 24.1 billion yuan, increased by 55% over the same period of last year; 816,000 people get jobs, covering 19.85% of the total of the employed.
