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Ningbo's development of open economy in past decade

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Category: Ningbo News
Published: Thursday, 28 February 2013 06:54

Since China initiated the reform and opening up policies, Ningbo seized the opportunity to set up the strategy of "developing Ningbo with an open economy", consolidating the momentum for stable and rapid economic development. Ningbo's open economy witnessed a breakthrough after the 16th CPC National Congress in 2002. The open economy, with its expanding scale and improving quality, is playing an active role in driving the rapid and sound economic and social development.

From 2002 to 2011, Ningbo's annual foreign trade volume rose from $10 billion to nearly $100 billion, an increase of nearly ten times. Ningbo encouraged foreign investment ten years ago and now it has stepped toward smarter project selection. Currently, it has attracted a large number of high-tech projects and branches of the Fortune 500 companies. The foreign investment in actual use exceeds $ 22 billion, 4.4 times over the past 25 years. The annual overseas

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Canal flows eastward to Ningbo for ocean trade

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Category: Ningbo News
Published: Wednesday, 20 February 2013 08:12

THE Grand Canal of China in Zhejiang Province contains two sections - the famous north-south Beijing-Hangzhou Grand Canal and the Zhedong (East Zhejiang) Canal, which still operates and flows from the canal in Hangzhou eastward to the East China Sea.

The oldest part of the East Zhejiang Canal was first built nearly 2,500 years ago, around the same time the Han Ditch, commonly considered the birth of the Grand Canal of China, was dug in Yangzhou, Jiangsu Province.

The construction of the Han Ditch was ordered by King Fuchai of Wu Kingdom (r 495-473 BC) to carry troops and supplies for his surprise attack on the Qi Kingdom in the north.

Around the same time, his rival Goujian, king of the Yue Kingdom (r 496-465 BC) ordered the construction of Ancient Shanyin Canal, also for military use. The 20.7-kilometer east-west canal connected suburban Ningbo and Shaoxing, making it much easier to move troops and supplies around the kingdom.

In succeeding dynasties, the canal was continuously repaired and expanded to more than 200 kilometers, connecting regionally important and prosperous cities. It was the regional extension of the north-south Beijing-Hangzhou Grand Canal and provided an efficient transport route to the ocean.

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Performance at Zhongshan Square

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Category: Ningbo News
Published: Monday, 18 February 2013 09:59

There is a performance each afternoon of the first seven days of the new lunar year on the "Natural Stage" at the Zhongshan Square. The picture shows the performance by Ningbo "Little Flowers" Yue Opera Troupe on the afternoon of February 13.

The Bonded Logistic Center of Lishe Airport promoting Ningbo's airport economy

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Category: Ningbo News
Published: Monday, 18 February 2013 09:55

November 29, 2012 marked the third anniversary of the operation of the Bonded Logistic Center of Ningbo Lishe Airport. Statistics from Ningbo Customs show that over the past three years, with the total volume of products via the center reaching US$1.006 billion, 11523 declarations accepted and the total tax (including the customs tax, the consumption tax and the value added tax) reaching 347 million yuan, the center has ranked high among all the bonded logistic centers that were put into operation in the same period. So far, the Lishe Bonded Logistic Center has formed its main body of business with such pillar industries as international freight forwarding, exports and distribution projects and international trade.

Back to the early days of the opening of the center, its major business focused on "imports after exports". "In the past, this kind of business had to be transit via Hong Kong. Now, we can do it here and it saves us a lot of cost on logistics." said Fang Yaqin, Assistant to the General Manager of Ningbo QCD International Logistics Co. Ltd.

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More Articles ...

  1. Fireworks reduced by 20%
  2. Residential housing deals reaching a record high within 5 months
  3. All freeway entries closed on February 8
  4. The longest tunnel in Ningbo opened on February 7th

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