Copyright 2025 - Ningbo Life / Ningbo Expat

General recovery of economy in Ningbo

According to statistics released by Ningbo Statistics Bureau about the economic operation of Ningbo in the first quarter this year, in the severe situation home and abroad, Ningbo is taking take resolute and daring action to deal with the international financial crisis and to ensure the steady development in the future.

The economic decline at the end of the last year affected the industry of Ningbo this year. In the first quarter of this year, the GDP of large industrial enterprises amounted to 260.56 billion yuan, leveling the same period of the previous year with the growth rate 27.6 points lower than the same period of the last year.

However, on the monthly base, there is a growth of major economic indexes.

In the first three months, the growth rate of large industrial enterprises reaches 3.3 points. In March, the gross output of large industrial enterprises reaches 103.39 billion yuan, 5.3% more than the same period in the previous year. and 4.7%% more than the average monthly output of the previous year. This indicates that the monthly output has resumed the high level of the last year.

Besides, the total added value of the large industrial enterprises amounted to 47.65 billion yuan, increased by 28.% over the precious year and 4.5 points higher than the first two month this year.  In the same three month, the reduction rate of profit and that of profit tax drop by 7.9 and 0.6 points respectively.

Tang Baisheng, General Statistian of Ningbo Statistics Bureau said, "The drop of the reduction rates is confirmed by the drop of industrial power consumption. In the first quarter, the industrial power consumption drops by 1.1% over the same period of last year, with the growth rate 13.2 points lower than the same period of the last year but slightly higher than January and February. Taking the manufacturing industries as an example, the power consumption drops by 3.6% over the same period of last year but in March the power consumption rises by 5.1 points against January and February."

Foreign trade is recovering, though not very fast. In the first quarter, the total import and export volume reaches $22.29 billion US dollars, increased by 19.% over the precious year and 2.5 points higher than the first two months this year. Of the total, the export reaches 13.3 billion, increased by 4.8%.

In particular, the export in March rises by 10.9%, 2 points higher than the average growth rate of the country.

6th Financial Fair of Middle and Small Enterprises to open

After the meeting on the work of private enterprises, all related government and associations of private enterprises started to take action to help the middle, small and micro enterprises. According to Ningbo Private Enterprise Federation, the 6th Financial Fair of Middle and Small Enterprises will open on May 17.

At present, the major difficulties for small and micro enterprises are in business establishment, upgrading and financing. In order to widen the financing channels for private enterprises and promote the link of banks and enterprises, Ningbo Bureau of Industrial and Commercial Administration and Ningbo Private Enterprise Federation organized this fair, aiming to provide private enterprises with more convenient financing services. Statistics show that on the fair in the past five years, the intent of financing reached on the spot involves 800 million yuan.

Toady, all the private enterprise federations are doing their best to help enterprises in financing. This year, Cooperated with Beilun Private Enterprise Federation, China Minsheng Banking Corp., Ltd. put a featured product—"common fund". A common fund consists of at least 40 small and micro enterprise owners. A member of the common fund can have a loan with a little amount of security deposit. With the replacement of the individual credit by collective credit, a small or micro enterprise no longer has the problem as they used to have in having mortgage and guarantor

The Second Urban Front Forum unveiled

The second Urban Front Forum was held in Sheraton Ningbo Hotel on the afternoon of April, 13. Many personages attended and addressed the forum, including Zhou Hanliang, a member to the Standing Committee of the CPPCC National Committee and vice chairman of Shanghai Municipal Committee of the CPPCC, Shan Wenhui, former director of Research Center for Urban Eco-planning and Design, Fudan University, and Fang Zhenning, a Japan-based critic on architectures and arts. Their speeches were centered on the topic of city upgrading and quality life.
Mr. Zhou made a speech on the development direction of international metropolis. In discussing the contradiction between urbanization and the preserving of historic buildings, he said that valued buildings with historic significance should be preserved. “Buildings are the concrete memory of a city, and a city lives because of memories. Historical heritage is very vital to urbanization and therefore, we must preserve historical cultures and customs”, Zhou said.
 

Ningbo started new projects of low-price houses

According to Ningbo Housing Construction Committee, in this year, Ningbo has started the construction of 7,902 low-price houses of 690,000 square meters, including 3,587 public rental houses of 230,000 square meters. Of the target of 15,900 low-price houses (including 10,000 public rental houses) that should be started construction this year as is set by Zhejiang Provincial People's Government for Ningbo, Ningbo has so far fulfilled half.

According to Zhejiang Provincial Government, Ningbo this year should basically complete the construction of 5,800 low-price houses, including 5,000 as-built ones. The city should also have 1,000 households subsidized for renting houses. Statistics of Ningbo Housing Construction Committee show that so far, Ningbo has completed the construction of 1,744 low-price houses of 150,000 square meters, and the on-going projects of low-income houses involve 2.15 million sq meters. In this year, the city has solved the housing problem for 2, 604 low and middle-income families, providing 1,624 families with low-rental houses and 980 low-price houses.

In order to ensure the land for low-price housing for low-income earners, in July last year, Ningbo Housing Construction Committee, Ningbo Municipal Development and Reform Commission and joined in by Ningbo Municipal Development and Reform Commission and Ningbo Municipal Land and Resources Bureau jointly circulated a document, requiring that all the counties and cities of Ningbo should ensure the land for low-pricing houses in 2012. Early in this year, Ningbo Housing Construction Committee and Ningbo Municipal Land and Resources Bureau urged them several times to ensure the land for the low-price houses

Construction of demonstrative livable community started in Jiangdong

In response to the spirit of 12th Ningbo Party Congress of accelerating the construction of the modern metropolis, improving the living environment and enhancing the quality of life, Jiangdong District has selected Dandinghe Community as the pilot livable community, in accordance with Ningbo's implementation plan of building demonstrative livable communities.

The selected community is one with sufficient conditions. The construction work involves the infrastructure perfection, the burying of specialized tubes, the environmental beautification, housing renovation and security equipment installation. To be specific, the gate house or watch box in the major entrances of the community should be arranged to facilitate the residents' access and guard management. The community should be surrounded by security facilities and the walls along the streets should be transformed into permeable walls. All the overhead wires including those for communication, internet and cable TV should be buried underground. In a word, the construction aims at building a quality community with safe and comfortable houses, all the necessary facilities, a smooth traffic and neat pipelines, a tidy environment and a comfortable atmosphere for living.

Recently, the Housing and Urban-Rural Construction Bureau of Jiangdong District hosted the meeting for the construction of the demonstrative community, with representatives from Baihe Street Committee and Dandinghe Community attending the meeting. The meeting, where the general idea and specific contents of the construction were introduced and the suggestions from the representatives were put forward, marks the official start-off of the construction of the demonstrative livable community in Jiangdong District

f t g m