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Ningbo's trade to LAS slightly fell

Statistics of Ningbo Customs show that in January this year, Ningbo's trade to LAS slightly reaches 2.11 billion US dollars, reduced by 1.6% against the same period in the previous year, and covering 11.8% of the total amount of foreign trade via Ningbo Customs. Of the total, the import from LAS is 860 million dollars, reduced by 18.4% against the same period in the previous year; the export 1.25 billion US dollars, increased by 14.8% above the same period of the previous year.

Reportedly, in the month, the imported goods from LAS are mainly oil, liquid chemicals and plastic materials, valuing 680 million, 130 million and 40 million US dollars, dropping by 15.1%, 31.4% and 31.4% respectively against the same period in the previous year. The exported goods are mainly clothes, mechanical and electrical products and shoes, valuing 520 million, 470 million and 50 million US dollars, with the first two rising by 31.2% and 1.06 respectively and the last falling by 3.2%.

Balance of deposits and loans for financial institutions in Ningbo more than doubled within five years

Statistics show that by the end of last December, Ningbo's total banking assets and liabilities reached 1.452728 trillion yuan and 1.392335 billion yuan, an increase of 927.608 billion yuan and 881.499 billion yuan respectively over the end of 2006. The balance of deposits reached 1.065927 trillion yuan, an increase of 595.877 billion yuan or 126.8% over the end of 2006. And the balance of loans reached 1.067684 trillion yuan, an increase of 6.7668 billion yuan or 173.1%.

In recent years, the financial institutions have attached great importance to the hot topics in economic and social fields, promotion of loans to small enterprises and new rural construction. According to statistics, by the end of last December, the balance of loans by small enterprises accounted for 56.6% of all loans, with an average annual growth of 30%. Over the past five years, the paper profit for the financial institutions in Ningbo reached 86.06 billion yuan, making banking industry one of the fastest growing industries and biggest local financial revenue contributors among the tertiary industry domain.

Over the last five years, the new business types and financial products carried out by banks in Ningbo have increased to about one hundred items, and the number of innovative products has doubled. Financial products have now become an important source of property income for citizens. Besides products, the type of banking institutions has gradually enriched and service coverage expended. By the end of last year, there were 58 banking institutions (falling into ten categories). There are 1939 business terminals with 35411 employees, up by 10.6% and 43.6% respectively compared with the end of 2006. The service coverage has extended to every district and villages of the whole city.

CPI up 3.9% in Jan

The CPI in January of the city went up by 3.9% on the previous month, of which new prices rising factors in this month constitutes 2.2 percentage points and the carryover effect of last month’s prices 1.7 percentage points, according to the CPI data released by National Bureau of Statistics in Ningbo.
Among eight categories analyzed, the prices of six categories went up and two went down, of which, food prices rose by 14.0%, meaning 4.0 percentage points growth in the overall price level; the prices of the rest categories basically offset one another. Among them, prices for household facilities, articles and maintenance services surged 5.1% month-on-month; health care and personal articles, rose by 3.8%; tobacco and liquor, up 1.6%; residences, grew by 0.5%; transportation and communication, increased by 0.3%; clothing, down by 1.2%, and the prices of recreation, education, cultural articles and services declined by 5.1%

Export tax rebates reach 100 mln yuan per day

It was learned recently from the Municipal Bureau of Taxation that a total of 14,303 tax paying companies have been approved of export tax rebates in 2011, valued 385 bln yuan, increasing by 20.7% over the same period of the previous year. Ranking fifth nationwide and first in Zhejiang Province, the tax refunding aggregates provide sufficient capital support for the city's open economy to reverse in adversity.
In 2011, faced with the complex economic situations domestically and internationally, foreign trade in Ningbo saw a continued upward trend, with its total volume almost hitting 1000 bln US dollars (98.188 bln US dollars) this year, up 18.4% over the same period the previous year. This includes 60.832 bln US dollars of exports, an increase of 17.1%. Correspondingly, the city's tax departments have fully performed the regulatory function of taxation by properly carrying out export tax rebate policies, constantly simplifying relevant auditing and approving procedures based on controllable risks, and doing their utmost to reduce the time needed for the capital turnover of enterprises, thus refunding over 0.1 bln yuan per day on average for exporting enterprises, particularly for mechanical and electric, textile and garment companies.
In 2012, faced with new export situation and its new features, the city's taxation department has formulated the "Breaking and Speeding" Campaign Plan on Export Tax Rebate, stating that it will be carried out in the first half of the year. This campaign will aim to take account of the reasonable demands of exporting enterprises, further improve the service and management of export tax rebate, accelerate relative auditing and approving procedures, and ensure timely and sufficient export tax refunding through various concrete measures such as raising the reading-in frequency of external information, trying out “spot application” of export tax rebate service in some regions, promoting internet application, upgrading the transmitting means of materials for approving, developing policy-promoting service and warning service, etc.

Vehicles in Urban Area to Be Fueled by Natural Gas instead of Petrol

The air quality in the urban area of Ningbo will be greatly improved in the near future as some of the buses, taxies, port container trucks are expected to use natural gas rather than petrol as fuel as required by the city government in the Gas-for-Petrol Scheme of Buses, Taxis, Container Trucks in the Urban Area which was released a couple of days ago.
According to the Scheme, by the end of the 12th Five-Year Plan there will be 2500 natural gas buses in the urban area, to account for half of the total, with around 10 supporting service stations. There will be 3500 dual-fueled taxis (petrol and natural gas), accounting for 70% of the total, with 15 to 20 service stations providing two fuels. There will be 500 container trucks using natural gas, accounting for 40% of the total in Ningbo Port, with 3 to 4 service stations providing LNG.
Currently, there are over one million motor vehicles in the city. Emissions by vehicles are responsible for 30% of the air pollutants in Ningbo among which the most frequently used buses and taxis account for nearly a half. All of these constitute a major threat to the quality of the air. It is indicated that emissions of various toxic gases can be reduced by 85%, noise by 40% if natural gas is used. Also, the cost of this fuel is lower than petrol. Natural-gas-fueled buses and taxis are widely seen in cities of Chengdu, Chongqing and Xi'an.
The scheme will be carried out in six districts in Ningbo step by step. The rest places can make some adjustments with a reference to their own situations.
According to the scheme, targeted vehicles for natural gas are buses, taxis and port container trucks in the urban area. LNG( liquefied natural gas) is more suitable for container trucks and passenger buses with heavy weight, big displacement and long-distance drive. CNG (compressed natural gas) is more suitable for cars, taxis and buses. Taking these elements into consideration, buses are expected to rely on both LNG and CNG, taxis on CNG and port container trucks on LNG only.
In response to those changes in vehicle fuels, the construction of LNG, CNG or L-CNG stations will be added to laying-out of bus stations. CNG stations or LNG-and-Petrol stations will be added to urban planning and LNG station added to ports. Presently, the construction of city natural gas station has already been started.

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