Copyright 2018 - Custom text here

Local tax of Ningbo exceeding 30 billion yuan this year

Reportedly, in the first half of this year, the local tax collected amounted to 30.01 billion yuan, making a historical new high. The figure covers 66.4% of total planned for this year. Of the amount, the local share amounted to 28 billion yuan, covering 72.6% of the local financial income. Looked at in Zhejiang, Ningbo is keeping a stable and rapid growth in tax income, 3.3 points higher than the average of Zhejiang (excluding Ningbo), and 9.1 points higher than Hangzhou. In Ningbo City, the growth rate in Daxie, Hangzhou Bay Area and Yinzhou was all above 40%.

In addition, in the first half of this year, the general budgeted revenue of Ningbo reached 80.89 billion yuan, increased by 31.1% above the same period of the previous year. Of the amount, the local finance amounted to 39.087 billion yuan, and the state revenue amounted to 41.803 billion yuan.

After Ningbo became a city independently listed in the national plan

Since 1984 when Ningbo opened further to the outside world, Ningbo became attractive to investors home and abroad. However, the backward infrastructure of the city became a severe restriction to the further opening of the city. To solve this problem, Ge Hongsheng, then Secretary of Ningbo Municipal Party Committee, decided that Ningbo should take measures so that the city could be listed as a city independently listed in the national plan. A city independently listed in the national plan is one that has provincial-level administration and its development is in independently the country's plan but not in the plan of the province.

At a meeting in Dahua Hotel of Hangzhou in September 1986, the State Council's coordinating group on the economy of Ningbo, Zhejiang Province and Ningbo City agreed that Ningbo should apply to be a city independently listed in the national plan. On November 10 in the same year, Zhejiang Provincial Government submitted the application to the central government, for Ningbo to be listed as such a city.

On February 24, 1987, the State Council made the reply that Ningbo be independently listed in the national plan, that the city have the provincial-level administrative power in economy, and that the city should further carry out the pilot economic system reform. In June 1987, Zhejiang Provincial Government made the decision that as a city independently listed in the national plan, from the next month on, Ningbo should be independently listed in finance, foreign capita and foreign economy. In 1988 the city became officially independently listed.

This is a start point for the development of Ningbo. The great change in the economic system gives independence to Ningbo in making plans and strategies for foreign trade, industry and agriculture, and this has led to rapid development of Ningbo

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