Copyright 2024 - Ningbo Life / Ningbo Expat

Ningbo signs big deal and opens Thai-themed pavilion at CIIE

With 2 days to go before the opening of the Fair, Ningbo has already had two pieces of good news, fully demonstrating its commercial import strength.

In preparation for the 4th China International Import Expo, the Ningbo media held a group meeting yesterday afternoon. It is reported that during the CIIE, China-Base Ningbo Group Co., Ltd (CBNB) will sign a big order with Brazil's JBS for US$1 billion of meat imports, which will surely become Ningbo's biggest order at this year's Expo, and this order is US$500 million more than the biggest order signed by Ningbo at last year's Expo.

It is understood that the partner of CBNB for the Expo is the world's largest meat supplier.

Ningbo has seen a significant increase in the amount and speed of orders signed this year. In just one year, Ningbo Lianbang International Trade Co Ltd has almost completed the task of completing US$500 million in orders over five years as set out at last year's Expo. This was also the largest order placed by Ningbo at last year' Expo.

General Electric, a Fortune 500 company, was especially represented at the briefing for its first investment order in Ningbo - the General Water Purification Global R&D and Manufacturing Headquarters project. According to the briefing, the project, with a total investment of US$100 million, will be signed during the Fair as a foreign investment project in Zhejiang Province. The project is planned to be implemented in two phases, with phase one focusing on the production of commercial and domestic water purification products to serve the Chinese market. The second phase will focus on innovative product and technology development to accelerate globalization.

The former fosters China's national economic circle and the latter fuels circulation for both domestic and international economy.

The most special guests at this year's Ningbo Fair were two Thai friends, and Richard told reporters that the "One Belt, One Road" Ningbo-Thailand Pavilion, the first Thai-themed complex in Zhejiang Province, will be on the Old Bund in January next year. As the person in charge of the exhibition, on the one hand, he hopes to reach cooperation orders to promote Thai specialties, and on the other hand, he also hopes to use the major platform to warm up the "Ningbo-Thai Pavilion" in advance.

In recent years, Thailand has been fully engaged in the "One Belt, One Road" project and the integration between China and Thailand has become increasingly extensive. Today, Thailand has become the country with the largest number of Chinese tourists travelling to a single destination, with more than 10 million arrivals in 2019 before the pandemic. "We have opened Thai pavilions in Beijing and Sanya, and the reason why we chose Ningbo this time is to take advantage of the 'One Belt, One Road' initiative to promote economic, trade and cultural exchanges between China and Thailand, and to better introduce Thai products to the Yangtze River Delta." Richard said

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