Ningbo's export of fire lighters to Japan

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Category: Ningbo Business

Published: Tuesday, 02 August 2011 10:06

From September 28 this year, all the lighters that China exports to Japan should be certificated by the PSC. According to a related meeting, from July 1, Ningbo Joysun Product Testing Service Company will be the single testing organization accepted by Japan.

Japan is a large importing country of China-made lighters. In the last year, China's export of lighters to Japan amounted to 370 million, valuing 71,372,000 US dollars. Of the total, the number of Ningbo-made lighters amounted to 260 million, valuing 33,938,000 US dollars. With the coming PSC certification, in the first half of this year, some lighter manufacturers of Ningbo did make efforts to have their products certificated. However, then there were only authorized testing companies and all were in Japan. This not only raised the cost of the exported lighters but also slow down the export. In the first half of this year, the export of lighters to the Japanese market by those companies declined considerably.

Ningbo Joysun Product Testing Service Company was established in June 2001. As a central technical lab of Ningbo Administration for Entry-Exit Inspection and Quarantine, it is a national key lab, and one that is accepted by the ILAC and CNAS. The lab is mainly engaged in the safety and performance testing of the lighters to to exported through Ningbo customs. In 2008, European Union accepted the tests of the lab, and this promotes the export of China-made lighters to the EU market.

In May this year, Ningbo Joysun Product Testing Service Company passed the on-the-spot inspection of Japan, and was officially accepted by Japan as the only lighter testing organization outside Japan. This will considerably reduce the cost of the PSC for the manufacturers of lighters in China and the time needed for the testing is shortened by half a month.

Yinzhou shopping festival closed

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Category: Ningbo Business

Published: Tuesday, 26 July 2011 09:58

On the afternoon of July 24, the 4th Yinzhou Shopping Festival closed after its 10 day's session. The expected win-win result of the consumers, the merchants and the government was reached. According to statistics by Yinzhou District Bureau of Trade, in the 10 days, the volume of direct sales reaches 490 million yuan, an increase of 4.6% over the previous year; the number of customers reaches over 4 million, an increase of 48% over the previous year, and in particular, it reaches 180,000 on July 17 on Wanda Plaza.

The shopping festival was centered on Wanda Plaza and was participated by the 10 big stores and supermarkets and over 200 small shops. Various sales promotion activities were made during the festival.

Total Retail Sales in the first half this year

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Category: Ningbo Business

Published: Tuesday, 02 August 2011 10:05

According to Ningbo Municipal Bureau of Trade, from January and June, the total retail sales of consumer goods reached 92.403 billion yuan, up by 16% over the same period of last year. In June, the growth rate reached 20.2%, ranking the first in Zhejiang.

From January and May, affected by such factors as the termination of the automobile replacement policy, the enlarged control of the real property market and the rise of commodity prices, affected by such factors as the termination of the automobile replacement policy, the enlarged control of the real property market and the rise of commodity prices, the sales value and growth rate of traditional commodities both declined. In June, however, with the adjustment of the personal tax system, the control of the commodity price, and the upgrading of consumption, the consumer market considerably recovered.

In June, the wholesale value reached 5.468 billion yuan, increased by 45.1%, covering 5.92% of the gross retail sales of consumer goods. It is the major factor that contributes to the rise of rise of the gross retail sales of consumer goods. The total sales on the retail markets reached 78.767 billion yuan, increased by 14.5%, covering 85.24% of the gross retail sales of consumer goods. The turnover of the catering business reached 6.734 billion yuan, increased by 14.7% over the precious year, covering 7.29% of the gross retail sales of consumer goods. The turnover of the accommodation business increased by 10.9%, covering 1.56% of the total.

Related person from Ningbo Trade Bureau says, in the latter half this year, the price of port is likely to drop down, and the pressure of the price of commodity might be relaxed, the Japan-made cars might be more in supply, and the state might release some macro-control policies to boost consumption, all this is likely to promote the recovery of the consumer market of the city, to the degree that the retail aggregate of social consumer goods might increase by 16%.

Second Ningbo Nottingham Finance Forum Concluded

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Category: Ningbo Business

Published: Tuesday, 19 July 2011 14:34

The second Ningbo Nottingham International Finance Forum was concluded at the Sheraton Hotel on July 13. The forum focused on "Stable Development of Economy and Innovation of Banking Services". The forum was co-sponsored by the CASS, Ningbo Municipality and the Nottingham University of the UK.

The forum was to increase the popularity and influence of Ningbo in financial academia and financial service sectors, and to promote the regional economics and research level on finance of Ningbo.

Prof. Li Yang from the CASS and the former vice prime minister of UK addressed the meeting. Other speakers included Wang Guogang, Qi Bin, Jia Kang, and Wang Yu. The topics discussed included internationalization of RMB, early warning and precautions on financial crisis, developments of global monetary policies and taxation policies and so on.