Copyright 2022 - Ningbo Life / Ningbo Expat

Ningbo ranks 8th in 2019 China's top 100 foreign trade cities

On July 28, China Customs magazine, sponsored by the General Administration of Customs, released the list of 019 Top 100 Chinese Foreign Trade Cities. In this list, Ningbo ranks eighth in the country, the same as in 2018. Along with Ningbo on the list of the country’s top ten cities, there are also Shenzhen, Shanghai, Guangzhou, Dongguan, Xiamen, Suzhou, Zhuhai, Chongqing and Qingdao, all of which are directly under the central government or open coastal cities.

It is reported that the selection criteria of this list, including level competitiveness, structural competitiveness, efficiency competitiveness, development competitiveness and potential competitiveness of the five sub-categories, a total of 25 indicators, thereby calculating the comprehensive competitiveness of foreign trade of cities above prefecture and municipal levels nationwide score, with strong professionalism and authority. The fact that Ningbo ranked in the top ten for two consecutive years is sufficient to show the toughness of this port city in the field of open economy.

The 2020 Ningbo foreign trade still delivered a remarkable report card. According to Ningbo Customs statistics, from January to June, the total value of Ningbo’s foreign trade import and export was RMB 430.75 billion, narrowing the decline by 5.4

percentage points over the previous five months. It is worth mentioning that Ningbo’s import and export of 89.8 billion yuan in June, a year-on-year increase of up to 27%, has achieved positive growth for four consecutive months.

Behind the growth of Ningbo’s foreign trade, the good business environment created by various departments is inseparable. Ningbo Customs took the lead in introducing zero measures to support enterprises, bringing a series of trade facilitation measures for enterprises. At the same time, Ningbo City also introduced the Ten New Rules for Stabilizing Foreign Trade policy at the first time to help enterprises tide over the difficulties in financing, credit insurance, online exhibition, export to domestic sales and other aspects

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