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State-owned enterprises take lead in Ningbo's economy

Ningbo's state-owned enterprises continued to be a "leader" in the field of infrastructure construction, industrial transformation and upgrading, and social and livelihood services in the past 2012. By the end of last month, the state-owned enterprises had totally invested over 30 billion yuan, with 21 billion yuan in major projects. The 11 major projects listed in the 2012 work plan have received a total investment of 10.007 billion yuan, accounting for 127 percent of the annual plan.

Ningbo continues to step up the construction of major projects. The state-owned enterprises undertook 51 major projects at municipal level, including 11 major projects in the 2012 work plan. Among these major projects, the South and North City Beltway are under construction. The Xiangshan Port Bridge, the new administrative center in Eastern Ningbo, the Waterfront of International Exhibition Center, and the underground parking garage of Baisha Park were completed and put into use. The Cultural Square project was nearly completed. The infrastructure construction in major areas and the key functional blocks are well under way. The livelihood projects including urban track transportation, Qincun Reservoir and natural gas projects are making notable progress.

 

Ningbo also saw growth of marine economy. The cargo throughput of Ningbo port hit 453 million tons in 2012, a year-on-year growth of 4.5 percent. The container throughput topped 15.67 million TEUs, up 8 percent. Both the cargo throughput and container throughput tops are ranked third nationwide. The marine industry fund was officially launched and its No. 1 Fund has successfully raised over 12 billion yuan in the first phase.

Ningbo vows to support emerging industries. The opening of Hefeng Creative Square Park boosted the industrial transformation and urban innovation and development. A total of 103 companies signed contracts with the Park and the overall occupancy rate reached 63.8 percent.

An official from the Municipal State-owned Assets Supervision and Administration Commission (SASAC) said that they will pay more attention on the integration of assets and capital operation. They will work hard to improve and perfect the state-owned investment and financing system and take a more effective assessment and supervision means, guiding enterprises to actively expand effective investment

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