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Category: Ningbo Business
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Published: Monday, 02 April 2012 13:00
At the awarding ceremony of China Garment Brands 2011 it was announced that Peacebird, of Ningbo, wins the Prize of Brand Value, the only garment company of Ningbo that wins the highest annual award of the garment industry.
From the highest annual award of the garment industry of China, Peacebird has won the "Prize of Innovation" and the "Prize of Marketing". The "Prize of Brand Value" is the highest of all prizes. This is a result of Peacebird's constant efforts in innovation.
China Garment Brands Award is organized by China Clothing Association for Chinese garment brands.
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Category: Governmental News
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Published: Monday, 02 April 2012 12:59
On March 26, an agreement on the insurance debt investment program was signed, the first such program in Zhejiang. According to the program, insurance funds of 2.5 billion yuan will be invested in batches in the infrastructural facilities of Ningbo.
The time limit for the "Insurance Debt Investment Program of the People's Insurance Company of China and Ningbo" is 7 years. People's Insurance Company of China is trusted to collect funds from qualified insurance institutions and the funds collected are mainly be invested in the traffic infrastructural facilities. This program is the first one Ningbo has started to collect insurance funds for infrastructural facilities, which well balances the interests of the debtors and investors and effectively reduce the financing cost.
Reportedly, insurance debt investment is one of the major ways for insurance funds to be invested in infrastructural construction. This kind of investment has such advantages as large scale, long time limit, flexibility of fund uses and rational cost.
According to an authority of Ningbo Municipal Banking Office, the insurance debt investment program is an innovation Ningbo makes in financing. In the present situation of credit squeeze and high financing cost, it is of great significance for the city to broaden the financing channels for key projects.
In the time to come, Ningbo will further enlarge the cooperation with insurance institutions in investment with insurance funds. On the prerequisite of qualified financing projects, debtors and guarantee conditions, the city will take active measures to collect insurance funds for such fields as infrastructural facilities, public services, housing security and environment protection.
Su Limian, Vice Mayor of Ningbo, was present at the signing ceremony.
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Category: Ningbo District
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Published: Monday, 02 April 2012 12:59
Yinzhou is the only district in Zhejiang that has its GDP exceeding 10 billion yuan. Since 2002 when Yinzhou District was founded, it has concentrated on the construction of the urban area and accelerated the urban economy. "In recent years, we have seized the historic opportunity brought forth by the establishment of Yinzhou District and the great development of Ningbo and promoted the balanced development of the city and the countryside. The district has occupied the 4th position in Zhejiang for its the integrated development of the urban and rural areas. We have completed the leap forward development of the new urban area," said Mao Chunyang, Vice Secretary of Yinzhou Party Committee.
In the coming five years, Yinzhou will concentrate on the quality and efficiency of development, and implement the "five strategies" to promote development quality, cultural quality, quality of living conditions and quality of ecological conditions. The district will strengthen the building of the party, and build a well-off society in an all-round way
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Category: Governmental News
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Published: Monday, 02 April 2012 12:58
To encourage qualified foreign enterprises and export bases to get upgraded to national-level demonstrative foreign trade bases, to build an international marketing network, to expand the international market, and to allocate a special fund of 90 million yuan to help foreign trade enterprises in their structural adjustment,…all these are part of the measures Ningbo is taking for the improvement of the quality of foreign trade.
"The 12th Ningbo Congress of Party Representatives has set up the goals of the opening economy of Ningbo in the time to come. We will vigorously promote the economic transform and update," said Yu Danhua, director of Ningbo Foreign Economic Cooperation Bureau. In 2012 Ningbo will take action to improve the quality of foreign trade, accelerate the industrial transformation and upgrading and maintain the leading position in Zhejiang and even the country.
At present, Ningbo has completed the construction of Ninghai Stationery Production Base and Yinzhou Clothes Production Base. In 2012, Ningbo will encourage qualified foreign enterprises and export bases to get upgraded to national-level demonstrative foreign trade bases. By the end of the 12th Five-year-plan Period, Ningbo will build five key export bases whose annual export each will exceed 1 billion US dollars making them new growth point for the foreign trade of Ningbo.
In order to build a well-linked marketing network, the city will encourage enterprises to obtain international brands by means of mergering, joint venturing, leasing and agentship so as to increase the export value of Ningbo-made products. In the meanwhile, the city will build a public service platform for foreign marketing and encourage more enterprises to set up their marketing bases in foreign countries.
In order to promote the quality of foreign trade, the city will implement programs like strengthening coordination of the government and enterprises, giving financial support to growing foreign trade enterprises and giving advice to foreign trade businesses and so on.