Foreign Trade with Europe and US via Ningbo Port grows explosively

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Category: Ningbo District

Published: Tuesday, 21 February 2012 10:01

Due to the severe cold spell in the northern hemisphere, Europe and US were terribly battered by the heavy snow recently. However, foreign trade enterprises in Ningbo find enormous business opportunities. According to Ningbo Customs, containers with down jackets, heating equipment and other commodities are being exported to Europe and North America.

Despite the instability and uncertainty of world economy, foreign trade enterprises in Ningbo are seeking new opportunities. According to the statistics from Ningbo Customs, the foreign trade via Ningbo Port reached 17.86 billion USD in January, 2001, up 4.2% over the previous year. EU continues to be the largest export market of Ningbo Port. The trade volume between EU and Ningbo was 3.63 billion USD, up by 4.4%, with 3.32 billion USD of export output increased by 5.3%. The export output to US market reached 1.95 billion USD, up by 4.8%.

Those responsive private enterprises took the lead to embark new market in Europe and US. Several days ago, Ningbo New Ziyuntang Aquatic Products Co. Ltd and American North Food Co. Ltd reached an agreement that traditional Chinese food like dried purple seaweeds and potherb mustard will be put into US market no later than March, 2012. Apart from the existing product lines, Ningbo South Pacific Hotel Device Co. Ltd has started to produce table furnishing articles and has seen orders filing in from EU market after Spring Festival. It is estimated that import and export output of Ningbo private enterprises has hit 8.45 billion USD in January, up 9.4% and accounting for 47.3% in the total volume that time.

Due to seasonal factors like the Spring Festival holiday, importations of plastics in primary forms, metal scraps, coal, grain and other resource commodities have decreased

Yinzhou to earmark 45 billion yuan to boost real economy

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Category: Ningbo District

Published: Tuesday, 14 February 2012 11:36

On the afternoon of February 6, five financial institutions at municipal levels signed a strategic cooperation agreement with local government of Yinzhou, in an effort to boost the development of the real economy in Yinzhou District. Vice mayor Su Limian attended the signing ceremony.
According the agreement, the five financial institutions including China Development Bank and Ningbo ICBC shall provide credit support of 45 billion yuan for Yinzhou in the next three years. Meanwhile, six banks entered into a collaboration with six financing bodies, providing loans (credit) amounted to nearly 3.8 billion yuan. The contracted projects shall cover the construction of urban infrastructure, new functional blocks, the development of new rural construction, and micro-enterprises.

Beilun recruits workers in Sichuan

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Category: Ningbo District

Published: Tuesday, 14 February 2012 11:38

Recently, with the support of the Beilun Bureau of Human Resources and Social Security, nearly 10 companies have formed a recruitment team and set out a tour to Chengdu and Guangyuan in Sichuan Provinces. With nearly 2,000 job vacancies, they planed to establish labor co-operation and the school-enterprise co-operation in Sichun Province.

Since 2004, Beilun District has the established labor co-operation program with more than 10 provinces and cities including Anhui Province , Sichuan Province, Jiangxi Province, Hunan Province, and Guizhou Province. In addition, Beilun has built more than 40 long-term labor co-operation bases, which have trained more than 30,000 skilled workers for the companies and factories. With the tight demand of labor this year, the labor co-operation bases serve as a "green channel" and alleviate the shortage of skilled workers in the textile, clothing, electronics and other industries.

In order to boost the development of the enterprises, Beilun also established long-term co-operation with 47 universities, aiming to attract high-level talents. In addition, a pilot program to invite graduate students to serve temporary positions in enterprises is underway. Days ago, Beilun Bureau of Human Resources and Social Security held talks with the school authority of Chengdu University of Technology on further cooperation and signed a series of agreements on talents supply and technology research

Container transport hits record high in January

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Category: Ningbo District

Published: Tuesday, 14 February 2012 11:32

According to Ningbo Port Group, in January container throughput in Ningbo Port totaled 1.39 million TEUs, an increase of 10.2 percent, hitting a record high.

Since the beginning of 2012, while several international shipping companies are further integrating their Europe and Asia routes, Ningbo Port took initiative to ensure the total number of routes. The number of container flights per month reaches 1357, boosting the container volumes. So far, the ocean-going main lines have completed a throughput of 1.049 million TEUs, an increase of 14.3%.

Meanwhile, Ningbo Port Group strives to reduce transport costs for their clients by introducing more shipping routes and extra ships. The group also tries to expand north and south coastal container hinterland. In January, the "dry port" has contributed 16,838 TEUs to its throughput, an increase of 13% year-on-year. In addition, taking the opportunity of the central government's call for expanding domestic demand, Ningbo Port Group has launched new services like the rail-sea intermodal transportation service.