It's Happening....
Beilun New Zone sees bright prospects
- Details
- Category: Ningbo District
- Published: Tuesday, 24 February 2015 12:32
In 2014, the export volume of the Beilun New Zone (including Beilun District, Ningbo Development Zone and Meishan Bonded Port Zone) stood at US$10.37 billion, exceeding US$10 billion for the first time, up by 7.2% over the previous year. However, to some foreign trade enterprises, there is still much pressure behind the growth of export. "It's unrealistic to expect the growth rate of over 10%, and it will gradually return to the normal growth rate. For the prospects of the foreign trade enterprises at the new zone, we can look forward to potential growth and clear breakthroughs." said Sun Haishan, Deputy-director of the Economic Development Bureau of Ningbo Development Zone.
So far, Beilun District has become the export bases for stationary, textile and garments, and plastic jetting-molding machines. In 2014, among the top 30 export enterprises in the district, 10 enterprises boasted of an export volume of over US$100 million yuan, and 18 enterprises had the growth rate of over 10%. A large majority of the 18 enterprises are involved in such traditionally strong industries as garments, plastic jetting-molding machines, safeties, stationary, toys and sporting products. Shenzhou Textile achieved an export volume of US$1.2 billion yuan, up by 6.3%, making great contribution to the total export volume of US$2.55 billion of the textile and garment industry. Beifa Group had an export volume of US$120 million, up by 4.7%. Yidong (Ningbo) Textile Co. Ltd. achieved an export volume fo US$17.4 million, up by 8.5% over the previous year.
With the implementation of the national "one belt and one road" strategy, the foreign trade enterprises in Beilun New Zone have oriented the countries along the new silk road as the new growth force for their exports. According to the statistics from the Economic Development Bureau of the development zone, the new zone's export volume to the Asian market reached US$3.734 billion yuan, accounting for 36% of the total export volume. The export volume to the European market reached US$2.721 billion, up by 8.77%, ranking No.2 among all the markets. The export volume to the African market stood at US$467 million, accounting for only 4.5% of the total of the zone.
In terms of the individual countries, the export volume to the Indian market reached US$263 million, up by 96.27%, that to the Spain market, US$169 million, up by 10.83%; that to the Brazilian market, US$181 million, up by 16.67%; that to the Italian market, US$216 million, up by 10.83%; and that to the UAE market, US$187 million, up by 44.27%.
"Since its official opening in 2013, Ningbo Import & Export Commodity Purchase & Trade Reform Demonstration Zone has demonstrated a good development momentum of high quality, accelerated trade and accumulated industries. This will be a new breakthrough for our competitiveness in 2015." said Sun Haishan. Against the gloomy situation of the foreign trade, the demonstration zone achieved dramatic increase of imports and exports in 2014, with the total annual import and export volume of US$2.56 billion, up by 115% over the previous year.
According to Sun, so far, the construction of the hardware facilities at the demonstration zone has been completed, with eight inspection, quarantine and supervision warehouses, four warehouses supervised by the customs, two SME platforms and a transport center for the African market. The inspection and quarantine bureau and the Customs have established offices at the Modern International Logistics Park of the development zone. The supporting facilities and policies have also been improved, including those for inspection and quarantine, customs, export credit insurance, and banking.
"Thanks to the platform of the demonstration zone, we realized an export volume of US$1.2 billion in 2013, and in 2014, the volume reached about US$2.5 billion, doubling that of the previous eyar. With the further improvement of the platform, it is expected to promote the foreign trade exports in 2015." said Sun Haishan.
