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Category: Ningbo Business
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Published: Tuesday, 17 July 2012 10:06
EU has published its anti-dumping measures against Chinese fasteners, lowering its anti-dumping duties imposed on certain Chinese companies with an average reduction of 7.1 percent, sources said on Wednesday. The move means EU began to ease its anti-dumping sanctions on Chinese fasteners as some Ningbo manufactures launched a formal complaint about EU’S unfair treatment.
Ningbo, the largest fastener supplier in China, produces more than a quarter of fasteners of the country. In January 2009, the EU decided to impose anti-dumping duties of 26.5 to 85 percent on the carbon steel fasteners products imported from China. The ruling caused a 54.8 percent export drop or a loss of $ 400 million to Ningbo. Many local companies even reported zero exports to the EU.
In the third hearing held on July 3, Chinese lawyers from Allbright Law Offices, together with Mr. Antonini, an EU attorney
Read more: EU eases anti-dumping sanction against...
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Category: Ningbo Port
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Published: Tuesday, 17 July 2012 10:06
Customs statistics released on Wednesday show Ningbo Port's trade volume reached $97.17 billion in the first half of 2012, an increase of 2.3 percent over the same period last year, accounting for 5.3 percent of the total imports and exports of China. The figure consists of import valued at $36.93 billion, down 1.4 percent year-on-year, export valued at $ 60.24 billion, an increase of 4.8 percent year-on-year.
During the first half of 2012, the European debt crisis led to weak demand for Chinese products in the EU market, the largest market for China. Ningbo Port's import and export value with the EU totaled $ 17.21 billion, down 4 percent year-on-year, accounting for 17.7 percent of the total port trade value in the same period or 1.2 percentage points over the same period last year. Meanwhile, Ningbo Port's trade volume to its second largest market, the United States, hit $11.13 billion, an increase of 13 percent. The imports and exports to ASEAN, its third largest market, amounted to $ 5.81 billion, an increase of 8.4 percent.
Read more: Ningbo Port's trade volume tops $...
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Category: Ningbo News
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Published: Tuesday, 17 July 2012 10:05
China Construction Bank (CCB) signed a strategic cooperation agreement on Tuesday with Ningbo municipal government. The move aims to boost Ningbo's marine economy and develop the city into a leader in marine economy. Zhang Jianguo, president of CCB, Wang Huizhong, the party chief of Ningbo, Liu Qi, the Ningbo Mayor, attended the signing ceremony.
Based on the newly inked agreement, the two sides are expected to follow the plan approved by the State Council and Ningbo Municipal Government and meet the target of the "12th Five-Year Plan". They will strive to innovate the co-operation mode, expand cooperation in traditional and emerging businesses, and further consolidate strategic partnership to jointly improve both parties' advantage and competitiveness.
Meanwhile, CCB will provide financial support to Ningbo's marine economic demonstration areas. It will formulate specific policy based on its research on marine economy and prioritize the institutional and financial support for marine economic development. In addition, CCB shall give priority to loan application of the advantageous industries and key construction projects, and improve its efficiency and give full support to Ningbo in its capacity.
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Category: Ningbo Business
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Published: Tuesday, 17 July 2012 10:04
According to a talent supply analysis on the first half of 2012 released by Ningbo Talent Market on Tuesday, the talent demand and supply remain stable for most industries except the booming hotel and catering industry, which is short for more talents to support its rapid development. Facing a talent shortage three times of the same period last year, local hotel industry is listed in the top 15 recruiters for the first time.
Data from Ningbo Human Resources Service Center shows, in the first half of this year, the city has created 327,563 jobs, an increase of 93,971, or 40.23 percent compared to the same period last year, easing the pressure of talent shortage. However, the talent supply and demand ratio remains 1:1.97, which means the city is still falling short of talents.
The ranking of recruiters of the first half of year shows the top recruiters exist in machinery, import and export, electronic and microelectronics, automobile and motorcycle, and raw material processing, reflecting the city's economic and industrial structure.
The on-site recruitment in the past three years shows, Ningbo is talents on marketing, logistics, administrative and personnel, IT and finance are in demand.
What is worth mentioning is that hotel industry is listed as the top 15 recruiters for the first time and face a talent shortage three times of the same period last year.
The Human Resources Service Center predicts that the most sought-after talents in the second half of the year will include both intermediate-level talents in manufacturing and service sector and high-level personnel in the field of research and development, management, and marketing.