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Category: Governmental News
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Published: Tuesday, 23 April 2013 08:43
In recent years, trade ties between China and Africa are closer and the trade volume has maintained a rapid growth momentum. According to Ningbo Inspection and Quarantine Bureau, in the first quarter of 2013, 5,268 batches of products were exported to Africa, with a total value of $ 280 million, up by 4.4% and 20% respectively over the same period last year.
Enterprises pursue a diversified business strategy to step up efforts to explore the African market. In the first quarter this year, 1400 enterprises (an increase of 2.7%) were involved in the export trade to Africa, mostly dealing with such products with traditional export strengths in Ningbo as air conditioners, green tea, sets of automobile spare parts and cotton printed products. The export volume is more than $8 million, of which the export volume of air conditioners reaches $35.821 million, accounting for 12.9% of the total exports to Africa. The stabilized political situation has significantly promoted the recovery of African markets. For example, in the first quarter, the export to South Africa stands at 55.45 million, ranking No.1 among all the target countries, due to its well-developed society and economy, and strong consumption capacity
Read more: Ningbo export to Africa maintain high...
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Category: Ningbo News
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Published: Tuesday, 23 April 2013 08:43
How much has been done for public bicycle project? How many new bus routes have been started in the past quarter? What is the current situation for natural gas buses and hybrid taxis? Such kind of questions in the field of urban traffic congestion governance and ecological civilization are the greatest concern of the public, as well as the supervisors for the people's livelihood work. On the afternoon of April 15, accompanied by officials from Ningbo Municipal Inspection Office, five work supervisors came to Ningbo Transportation Commission, conducting the first supervision of the progress of the practical livelihood projects.
In the past quarter of this year, the practical livelihood projects in the charge of Ningbo Transportation Commission were well under way. Three bus routes were newly started and seven, optimized, accounting for 30% and 35% of the yearly task. 151 new buses were put into use, including 99 driven by natural gas, accounting for 66% of the annual task. 378 hybrid taxis were added, accounting for 32% of the objective of the year.
Read more: Public bicycle spots to be selected
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Category: Ningbo Business
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Published: Tuesday, 23 April 2013 08:42
In the first quarter of 2013, Ningbo made 5954 batches of exports to ASEAN, with a total value of US$300 million, an increase of 10.8% and 91.3% respectively. Under the background of sluggish growth in Western developed economies, ASEAN, as an emerging market, is expected to become a new economic growth point for exports.
In terms of the export commodity, light diesel oil, tuna products, wires and valves are among the products with the largest export value to ASEAN in the first quarter in Ningbo.
While in terms of target countries, Singapore, Thailand and Indonesia are the major destinations for Ningbo’s exports to ASEAN, accounting for 80% of total China's exports to ASEAN.
Read more: Ningbo export to ASEAN grows...
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Category: Ningbo Business
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Published: Tuesday, 23 April 2013 08:42
Recently, a 7,500-ton bulk carrier ship was built by a shipping company in Ningbo. Although it is not a significantly large order, the $7.5 million worth of order has a very special meaning. According to Liu Chunfa, President of the shipping company, this order is brought about by the "buyer credit finance scheme", which has been in operation since a decade ago. With the support of the bank credit, the company has successfully made exports within the shortest possible period.
According to reports, this is the first export buyer credit transaction in Ningbo involving the support from commercial banks.
It is said that the shipping company has been in business with the European buyer for years. At the end of 2010, the buyer made an order for buying more bulk carriers under the condition that "the shipping company can provide help in solving the financing problems". At the beginning of this year, with an insurance by China Export & Credit Insurance Corporation, a local bank entered the export buyer credit market by providing a loan of $5.25 million to the buyer and thus led to the completion of the transaction.
Read more: Bank-enterprise cooperation promoting...
