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18 Ningbo enterprises listed in Top 500 Private Enterprises of China

On August 25, All China Federation of Industry and Commerce and CCTV announced the list of the large private enterprises of China for 2010. Ningbo has 18 enterprises listed in Top 500 Private Enterprises of China, and Zhejiang has 144.

Of the 18 enterprises of Ningbo, 4 are among the top 100. They are: Ningbo Youngor Group Co, Ltd.(No.29), Ningbo Jintian Group (No.36), Aux Group (No.45), Grand Group Corporation (No.71).

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On August 25, the National Federation of Industry and Commerce of China issued the ranking of above-size private enterprises as a result of a survey. According to the survey, 114 Zhejiang enterprises are listed among the top 500 private enterprises, of which 18 are from Ningbo, ranking the third in Zhejiang. According to related personnel from the federation, another ten enterprises from Ningbo are actually qualified but prefer to keep a low profile and, therefore, are not included in the list.

The national federation of industry and commerce has conducted surveys of above-size private enterprises for 13 years. Enterprises can choose to be or not to be included in the survey and ranking is done acceding to the index of total income. The threshold to the 2010 list is ¥5.059 billion while it was ¥3.66 billion in 2009.

227 Ningbo enterprises with total income over ¥300 million participated in the survey of 2010. according to up-to-date figures, in 2010, there were 127,035 private enterprises in Ningbo, with a registered capital of ¥255.43 billion, constituting the major component of Ningbo's economy. Accounting for over 80% of Ningbo's GDP, over 76% of Ningbo's tax revenue and providing 87% of the jobs in Ningbo.

Of the 18 Ningbo enterprises in the top 500 list, 4 are listed in the top 100. they are Youngor, Jintian, Aux, and Yuanda Group.

A comparison with these "top 500" enterprises reveals that another ten Ningbo enterprise are qualified for the top 500 list but, for all reasons, did not choose to apply to be included in the list.

Increasing export of Cixi-made products to Peru

Since March 1, 2010 when the Free Trade Agreement between the People's Republic of China and the Republic Peru was put into effect, the trade between Cixi and Peru has been growing rapidly. Statistics from Cixi Foreign Trade Bureau show that in 2010, the export of Cixi to Peru values 24.42 million US dollars, increased by 47.7%% over the same period of last year. In the first half of 2011, the export of Cixi to Peru values 12.92 million US dollars, up by 18.5 % over the same period of previous year. The products Cixi exports to Peru are mainly bike components, home appliances, washing machines, clothes and baby strollers.

Ningbo Liftstar creates a new logistic model

Speaking of large modern enterprises, what comes to people's mind are often big workshops, workers, assembly lines, etc. But in Yinzhou, a logistic company has been outstanding for 28 years with its virtual business management model and information management philosophy. Being a leading company of logistics, the company named Liftstar has contributed a lot to the local economic development.

Like a great majority companies, Liftstar once took the structure of "management + workshops", each workshop having a director. "A big disadvantage of this model is that nobody would like to take the responsibility if something happens, which would lead to low efficiency", said Wang Wenping, the Chairman of Board.

In 1992, Liftstar developed its first manual hydraulic pallet truck, which marked that the company had stepped into the manufacturing of logistics equipment. Since then, Wang Wenping has started thinking about the change of the future development model. Finally in 1998, he decided to reform the business management model. He broke up all plants and workshops and formed a number of small plants according to the processes of spar parts processing. Then he equipped necessary equipment to each plant. The directors of plants and workshop directors are elected from the employees according to their competence. They would registered a business of independent legal person status, which become the suppliers of the Liftstar.

In face of skepticism and criticism, Wang remains calm. "Many people want to be boss. I just give them the chance. I always believe that to work for oneself can always arouse the motivation and creativity", he said.

After the reform, the creativity of the workers and the work efficiency increased dramatically. Previously, the enterprise generated yearly income of 45 million yuan, while now the sales income reaches 250 million. "So, the same people, same equipment, but with different management pattern, the results come out totally different", Wang said.

16th Automobile Expo to open

According to a related meeting recently held, the 16th Ningbo International Auto Expo is to open in Ningbo International Conference and Exhibition Center from August 26 to 29. This expo is sponsored by Ningbo Daily Newspaper Group and Ningbo Jiangdong Qiancheng Exhibition Co., Ltd..

As one of the top 100 exhibitions of China, the expo this year will open in 8 exhibition halls of the center, with the exhibition area of over 60,000 sq m. Over 400 models of cars from about 70 brands home and abroad will be exhibited.

Ningbo scored a harvest in HK Culinary Exhibition

The three-day-long Ningbo (HK) Quality Farm Produce and Famous Tea Exhibition concluded a couple of days ago. The exhibition offered displays, promotions, trade talks and introduction of foreign capital. Through achievement exhibition of modern agriculture, quality farm produce showcasing, promotion of agro-projects and trade talks, Ningbo well exhibited its charm in farm produce.

The exhibition totaled 500 m2 in area. A total number of 51 major agricultural businesses of Ningbo took part in it. The produce exhibited embodied the features of brand, green, environment-friendliness and tradition. During the exhibition, the city offered 200 investment projects. Cooperative agreements involving 680 million yuan were signed and intentional agreements of cooperation signed 1.25 billion yuan. Some 3000 business people from 31 countries and regions such as the US, Japan and Korea came to the fair to hold talks with Ningbo companies. They talked about cooperation on products of aquatic products, cereal and oils, vegetables, fruit juice and wine, etc, totaling 300 items.

In Hong Kong,  20 companies like Wanghai Tea Company, Zuocaiwang Seasonings, Sanxue Foods, etc were organized to visit Hong Kong's largest food supplier CRC and Lifestyle International Group. They talked to explore possibilities for cooperation.

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