Copyright 2024 - Ningbo Life / Ningbo Expat

Ningbo promoting imported commodity distributing markets

In the central area of Ningbo Eastern New Town a distributing market of imported commodities from various countries is developing. The other day, in the market a delegation of over 10 Hungarian enterprises hosted a fair of famous Hungarian wines. And then it signed an agreement with the market to set up a Hungarian National Hall in the center, for display food, household necessities and drinks from Hungary.

Ningbo Imported Commodity Center, located in Hall 9 and Hall 100 in Ningbo International Exhibition Center, over 40,000 square meters in area, has such functions as exhibiting, promoting, business talking, trading and office working. Since its opening, The center seized the opportunity from the country's favorable policy for imported goods and implemented a series of preferential policies in rental, tax and custom services. In addition, the center has set up offices of business invitation in Shanghai and Hong Kong.

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Cultural Festival of Silk Road on the Sea to open

The other day, Ningbo Municipal Bureau of Culture, Radio, Television, News and Press announced that the 12th Ningbo Cultural Festival of the Silk Road on the Sea would open on the evening of December 5, in celebration of the 4th Famous Historical City Day. With various activities, Ningbo will host exhibitions and academic meetings to promote the ocean culture and strengthen Ningbo's position as the start point of the Silk Road on the Sea.

Foreign investment on rise in Ningbo

Despite the flagging global economy, Ningbo is still favored by foreign investors. According to the updated statistics of Ningbo Municipal Administration of Industry and Commerce, in the past four years, the annual foreign investment on average is over 1.2 billion US dollars. In the first 10 months this year, the investment amounts to 1.5 billion US dollars.

By the end of October, the city's foreign-funded enterprises amount to 6303, with the investment totaling 57.3 billion US dollars, and the registered capital 31.8 bmillion US dollars, including the foreign subscribed capital totaling of 23.3 US dollars. All the figures increase by 25% year on year. Statistics from the industrial and commercial administrative department show that since 2009, the foreign investment in Ningbo has maintained high, with an increase of over 200 enterprises every years.

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Ningbo invests in over 100 countries and regions

The other day, Ningbo Seawall Technology Group spent 3 million US dollars purchasing a technological service company in Seychelles, a country in east Africa. "With this foreign company as a springboard, we can expand our business to European countries, USA and Southeast Asian countries providing the local users with our outsourcing services," said Lu Shidong, General Manager of the company.

Updated statistics from Ningbo Foreign Economy and Trade Bureau shows, by the end of October, overseas enterprises and institutions Ningbo established in foreign countries and regions amount to 1,621 and the confirmed investment by Chinese enterprises amounts to 3.877 billion US dollars. Of the total, 193 such enterprises and institutions were established in the first 10 months this year and the confirmed investment by Chinese enterprises amounts to 1.187 billion US dollars, up by 15.6% year on year.

This year, Enterprises in Ningbo is quickening up their steps of "going global", especially the emerging markets. Thanks to the ECFAE, Yuyao Xuneng Jiangxin Electric Company invested 300,000 US dollars to open its sales centers in Belorussia. Some enterprises of Ningbo even fix their eye on Fijian and Pakistan. At present, except the Antarctic Continent, enterprises of Ningbo have had their investment in all the other continents.

In the first 10 months this year, Ningbo set up 139 trade companies and institutions. Such companies and institutions add up to 1,500, ranking the first in all cities of the country.

Practice Base of Shanghai Conservatory of Music opened in Ningbo Cultural Square

On December 1, a program entitled "the Cradle of Musicians", jointly hosted by the Secondary School of Shanghai Conservatory of Music and the Investment and Development Company of Ningbo Cultural Square, opened in Ningbo Concert Hall.

This program is a national-wide on-profitable tour performance, consisting of concerts and music educational forums.  The concert in Ningbo Concert Hall was a combination of western music and traditional Chinese music performance,  including world classic pieces of Chopin, Hendler and Beethoven,  and some traditional Chinese pieces like "You Go UP" and "Snow Lanterns for the Lantern Festival". 600 tickets for free were dispatched to music fans in Ningbo.

The speakers on the form include Sun Minghong, Party Secretary of the Secondary School of Music of Shanghai Conservatory of Music, Chen Yuandong, Vice General Manager of the Investment and Development Company of Ningbo Cultural Square, and Zhao Xiao'ou, Director of Chamber Music Department of the Secondary School of Music of Shanghai Conservatory of Music.

As a way of cooperation established between the Investment and Development Company of Ningbo Cultural Square and Shanghai Conservatory of Music, the International Music Center, a social practice base of Shanghai Conservatory of Music, opened in Ningbo Cultural Square.

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