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Category: Ningbo News
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Published: Tuesday, 02 October 2012 15:02
Ningbo made known its first batch of overseas public service platforms, sources from the foreign trade bureau said. To help enterprises to further explore the international market, accelerate the pace of "going global", the city selected its first batch of overseas public service platforms, which are Benin-based Chinese economic and trade development center, Nigeria-based Zhongce industrial Park and Australia-based Chinese famous brands showcasing and distribution center.
Private enterprises are playing major roles in overseas investments and the investment scale keeps increasing. By the end of July, Ningbo enterprises have established 1564 overseas investments and agencies, involving the total investment of 3.64 billion USD, among which, the Chinese investment takes 1.732 billion USD. The investments are scattered in 97 countries and regions. The government decided to give particular policy support to these platforms. Certain subsidies will be granted to those enterprises that exhibit on the platforms.
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Category: Governmental News
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Published: Tuesday, 02 October 2012 15:02
Due to seasonal change, the sample enterprises' adjustment and other factor, the city's total retail sales of consumer goods of companies above designated size enjoyed a modest recovery last month, as indicated in the report released by the trade bureau of Ningbo on Sept. 24.
The data show that last month the city's total retail sales of companies above the designated size reached 10.76 billion yuan, up 15.6% over the same period last year. The accumulated retail sales of above designated size from January to August totaled 77.9 billion, up12.9%, which was 2.5 percentage points higher than that of the provincial average increase, ranking the fourth in Zhejiang. In addition, the accumulated merchandise sales of companies above designated size during the eight months reached 495.18billion yuan, up 6.4% over the past year. The sales in August alone stood at 66.7 billion.
However, the city's traditional retail still faces a grim situation, said the Trade Bureau. In August , the sales of 21 major department stores surveyed increased by 1.89% over the same period last year, 7 major hypermarket up 4.99% over the previous year while the sales of 12 chain supermarket only increased by 2.05%, and 319 franchised stores decreased by 9.52% over the past year.
Three major adversities are affecting today's traditional retail trade, which are the worsened economic environment, the sluggish consumption and the impact of rising e-commerce. First of all, due to the unfavourable economic environment, the growth rate of the per capita disposable income and expenditures of the city's urban residents for the first half year decreased when compared with the same period last year, which affected consumer's confidence. Among them, the proportion of food consumption rebounded from 37.4% in the first half of 2010 to 38.2% in 2011,and further increased to 38.3% this year. Secondly, because of the "internal and external" pressures people are saving more money instead of spending, which restrains consumption somewhat. And the rise of the overseas purchasing and the increasing outbound tourism and other factors lead to a massive outflow of luxury goods consumption and even daily necessities consumption. However, the greater impact is from online purchasing, which has affected department stores greatly.
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Category: On The Campus
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Published: Tuesday, 02 October 2012 15:01
Ningbo mold talent market, the city’s first market of the kind, was officially set up in Ninghai on the morning of September 24. The market plans to become the highland of mould talents and a distribution center of moulds the East China in five years. The mold talent market was built based on the former Ninghai talent market. “In coming five years we plan to turn it into a prestigious talent highland, a distribution center, and an information center of the mould industry of China and the East China in particular”, said an official of Ninghai County. The authorities say the mold talent market will try to break regional boundaries and set up some branches in the whole province with Ningbo as its base. It will also provide professional mold channels for mold talents to understand the market and release relevant information and policies about industry.
Ninghai is known as “the China mold production base” and “China mold industrial base”. Now, the county is home to more than 500 mold manufacturers, with more than 50,000 employees. Last year, the industry generated output value of 4.7 billion yuan.
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Category: Ningbo Business
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Published: Tuesday, 02 October 2012 15:01
The China Food Expo 2012 is to be held at Ningbo International Convention and Exhibition Center from Nov.15 to 18. The promotion and invitational work has been going well underway and most of the booths have been booked, as learned from the preparatory meeting held on Sept. 25.
This year’s expo is to be held in eight exhibition halls, including the six current halls of the Comprehensive Hall, Imported Foods Hall, two halls of Zhejiang foods, Ningbo Hall and Food Machinery Hall, and two perennial halls, with the exhibition area totaling 70,000 m2 and 3,500 standard booths. Currently, more than 80 percent of the booths have already been booked by exhibitors.
Judging from the booking, this year sees a bigger proportion of imported foods. More than half of the exhibits in the Comprehensive Hall will be from Taiwan. The overseas hall has the sections of milk powder, beer, and wine. Besides, there are two perennial halls exhibiting imported foods all the year long. The imported foods at this year’s expo will exceed 40 percent.