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Category: Ningbo District
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Published: Monday, 10 December 2012 10:20
The other day, a consultative team of a Spanish company paid a visit to Ningbo Hangzhou Bay New Area for an inspection of the site for its project. The view of the crowds of egrets and wild ducks gave the team members a pleasant surprise, "If our decision is made quickly enough, we can have these elves as our neighbors."
The ecological environment has been an important part of competitiveness of Ningbo Hangzhou Bay New Area for investment invitation. In the past two years after the establishment of the area, itt has introduced over 170 quality projects of various kinds, including over 60 projects, whose investment each exceeding 100 million yuan. The total investment amounts to about 50 billion yuan. "A number of large project like Century Golden Resources Group and Shanghai Volkswagen settled in the area and this is inseparable with the advantageous conditions of location and the ecological conditions," said Cai Shijie, Director of Investment and Cooperation Bureau of Ningbo Hangzhou Bay New Area.
Read more: Ecological construction in Ningbo...
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Category: Ningbo News
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Published: Monday, 10 December 2012 10:20
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.
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Category: Ningbo Business
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Published: Monday, 10 December 2012 10:19
According to Ningbo Municipal Economic Information Commission, for successively three months the economic returns of large industrial enterprises of Ningbo has been recovering radically and the recovery is faster than that of production.
Related statistics show that in October, the profits of large industrial enterprises amounted to 10.61 million yuan, 21.7% more than the same period in the previous year; the profit amounted to 5.71 billion yuan, increased by 46.2 % over the same period of last year; the net profit made in the month reached a new high, 77.4 points higher than the average increase rate in the first three quarters this year.
In October, the increase rates of profit of the light industry and heavy industry reached 22.5% and 57.7% respectively. Of the 35 industries, over 60% had their profit increase radically. 42.6 points of increased profit is contributed by 6 large industries of petrol processing, chemical material and production, electric equipment, automobile manufacturing, instrument and plastics.
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Category: Ningbo News
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Published: Monday, 10 December 2012 10:18
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.
Read more: Foreign investment on rise in Ningbo