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Category: On The Campus
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Published: Tuesday, 23 October 2012 14:14
An EMBA forum hosted by the School of Management of Fudan University was successfully held in Ningbo last Saturday. The visiting scholars and experts provided research and analysis on economic trends in 2013 on the forum.
"Amidst the global economic downturn, China's economic growth at 7 percent is actually quite impressive. However, the Chinese stock market and property market remain bearish. What has happened to China's economy?" asked Prof. Qian Shizheng, a well-known professor from School of Management, Fudan University. He believes that China's economy is in a transition period. Under such circumstances, China's economy is developing at a slower pace and also undergoing a structural change. The outlook of China's economy in 2013 lies in transition and innovation.
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Category: Ningbo Business
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Published: Tuesday, 23 October 2012 14:14
The 112th China Import and Export Fair, widely known as the Canton Fair, officially kicked off on Monday in Guangzhou, capital of South China's Guangdong province. More than 1,300 Ningbo companies signed up for the fair and booked more than 2,900 booths, said the Ningbo Trade Group last Sunday. The first phase of the fair will attract more than 600 Ningbo exhibitors, a similar figure to the previous session, and the number of participants is estimated at over one million.
The Fair covers a total area of 1.16 million square meters, with a total of 59,509 booths. The indoor exhibition area amounted to 546,000 square meters. The Canton Fair, lasting from October 15 to November 4, is divided into three phases. The first phase, focusing on Machinery, Electrical and Electronic products, lasts form October 15 to 19. The second phase, focusing on Home and Decoration, lasts from October 23 to 27. The third phase, focusing on textiles, garments, fashion accessories and food, lasts from October 31 to November 4.
This session of Canton Fair will continue to set up the International Pavilion in the first and third phase, with 894 booths in seven product areas, attracting 552 overseas exhibitors from 44 countries and regions.
The Organizing Committee said they are prudently optimistic about the turnover during this Canton Fair as export and domestic demand kept fading amid an uncertain global economy. China's export and import growth might keep low growth rate in the next few months or even the first half of next year.
Gang Yong, leader of Ningbo Trade Group, said in yesterday's trading group meeting that Ningbo's international trade has been challenged by an uncertain global economy since the second half of 2012. The weakening external demand, the RMB appreciation, growing inclination of trade protectionism, rising cost, and fierce competitors from surrounding provinces hit trade prospect of Ningbo's exporters. "We have to take the initiative in the tough situation. Ningbo has developed processing industry, and we need to show this advantage through the fair. We are ready for an order battle, and win more orders for this year."
Gang added, Ningbo's exporters, long been targeting at European and American markets, are vulnerable to the current economic weakness in Europe and America. It is a good opportunity to seek potential customers from emerging markets like Brazil, and South Africa.
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Category: Ningbo News
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Published: Tuesday, 16 October 2012 09:00
The German embassy had invited German nationals and friends of Germany to celebrate the German "Tag Der Deutschen Einheit" at the Intercontinental Hotel in Shanghai. This event is annually organized on the first Monday following the 3rd October.
It is always a good place to meet German governmental representatives and to mingle with new and old friends.
The food is good and plenty the bar is open and the music is swinging and jazzing through the evening.
Please find some impressions below.
it is estimated that the costs of this evening was 1.5 million Rmb. thank you to the sponsors.