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Import and export trade brisk in Jiangbei District

In the first nine months this year, the import and export trade in Jiangbei District grew rapidly. The import and export volume increased by 5.3%, 11.8 percentage points higher than the average growth rate of the whole city, while the export volume increased by 3.5%, 10.5 percentage points higher than the average, and the approved outbound investment volume increased by 150.1%. The district ranks No.1 in Ningbo in terms of the above three aspects.

Trade and investment attraction is the focus of the rapid development of the foreign trade in Jiangbei District. In the first three quarters, the district attracted the settlement of 164 foreign trade enterprises, with a total import and export volume of US$197 million thanks to its No.1 project of business and investment introduction. In addition to the expansion of business scale, the district has improved the export commodity structure, with the high-tech products accounting for 13.2% of the total export.

In the domain of outbound investment, the district promoted the merger project of the Oriental Shenghao Investment Co. Ltd. with an approved outbound investment of US$250 million. Statistics show that the district has so far expanded its outbound investment to 65 foreign countries or regions.  

The rapid growth of the import and export volume is also attributed to innovation. In 2016, the foreign trade platform established by the Home-dollar Import and Export Co. Ltd. becomes the incubator for distinguished entrepreneurial teams and innovative projects with its high-quality products, reasonable price, rich channels and individualized practical guidance to help the college graduates to start their own businesses. So far, the platform has attracted the settlement of over 400 college graduates. With their innovative power, the enterprises concerned are expecting better performance. In the first three quarters, the company achieved an export volume of US$147 million, up by 32.2% over the same period of last year

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