Processing trade has become a new growth point in foreign trade of Ningbo. According to Ningbo Customs, from January to July this year, the total value of import and export processing trade of Ningbo reaches 11.16 billion US dollars, increased by 40.1% above the same period of last year, covering 27% of the import and export total. Of the total value, import reaches 4.09 billion and export 7.07 billion, increased by 51.5% and 34.2%. The trade surplus is 2.98 billion US dollars, covering 23.3% of the trade surplus of the City.
In export processing trade, hi-tech products and LCDs are most typical. From January to July, the import and export total of the two kinds amount to 4.29 billion and 3.21 billion US dollars, increasing by 120% and 390%. The top three in import and export trade are Ningbo Export Processing Zone, Ningbo Development Zone and Cixi Processing Trade Zone. Their trade value covers 34.3% of the total of Ningbo.
The other day, A new model of monocrystalline silicon has put into mass production by Ningbo Shanshan Ulica Solar Technology Developing Co., Ltd., the first producer of this battery in China and the second in the world.
Processing trade has become a new growth point in foreign trade of Ningbo. According to Ningbo Customs, from January to July this year, the total value of import and export processing trade of Ningbo reaches 11.16 billion US dollars, increased by 40.1% above the same period of last year, covering 27% of the import and export total. Of the total value, import reaches 4.09 billion and export 7.07 billion, increased by 51.5% and 34.2%. The trade surplus is 2.98 billion US dollars, covering 23.3% of the trade surplus of the City.
In export processing trade, hi-tech products and LCDs are most typical. From January to July, the import and export total of the two kinds amount to 4.29 billion and 3.21 billion US dollars, increasing by 120% and 390%. The top three in import and export trade are Ningbo Export Processing Zone, Ningbo Development Zone and Cixi Processing Trade Zone. Their trade value covers 34.3% of the total of Ningbo.
The civil works for the Ningbo section of the Yong-Tai-Wen Railway has been completed by 98%, as said by the construction headquarters. Except some electricity-saving construction work, the mainstay projects have basically been finished. The rail is to be laid from next month on. The Ningbo Grand Bridge is the longest bridge on the railway. The bridge consists of 365 box girders. Only 33 box girders are yet to be built.
By Moming Zhou, MarketWatch
Last update: 6:34 p.m. EDT Aug. 21, 2008
NEW YORK (MarketWatch) - China, the world's second largest oil consumer, will complete the construction of its first of four strategic oil reserves by the end of this year, a move analysts believe can eventually help curb oil prices.
"If they can build up reserves in a reasonable pace, it should not have any significant impact on oil prices," said James Williams, an economist at WTRG Economics, an energy research firm. But "once China has the reserves, it's good for the rest of world, because without such stockpiles China is more likely to bid up oil prices if there is a global supply disruption."
The total capacity of the four reserves amounts to 16.4 million cubic feet, or 103 million barrels, Zhang Guobao, administrator of the National Energy Administration, told China's official Xinhua news agency.
Home 