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SME confidence slips again in Q3

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Category: Ningbo Business
Published: Tuesday, 20 November 2012 09:22

The Standard Chartered Bank released China's SME confidence index in the third quarter in a press conference in Ningbo this Tuesday. The report is designed to reflect the external environment, operational status, investment direction and financing needs for SMEs. According to the report, the SME confidence index stood at 46.71. The highest reading is the macro-economic confidence index, which stood at 50.45, and the lowest reading is the investment confidence index, which stood at 43.30.

The press conference was jointly organized by Ningbo Municipal Commission Of Economy and Information, the Municipal Finance Office and Standard Chartered Bank (China) Ningbo Branch. Chen Zhongchao, the vice mayor, attended the announcement ceremony.

Released by Standard Chartered Bank, the index is measured by the survey responses of China's SMEs. Through a quantitative analysis, it intends to reflect the subjective and objective influencing factors including the production, sales, procurement, investment and financing of a firm. The quarterly published index covers more than 1,000 SMEs of more than 10 various sectors. It has four categories: the macro economy, business operations, investment and financing confidence.

SME confidence index released on Tuesday shows that confidence among small and medium-sized enterprises dropped further in the third quarter, as the country's economic growth continued to slow down.

2012 China Food Expo was held in Ningbo

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Category: Ningbo Business
Published: Tuesday, 20 November 2012 09:22

The four-day 2012 China Food Expo will be opened today in Ningbo's International Convention and Exhibition Center.

The expo consists of 5 pavilions. The NO. 1 Pavilion presents traditional cuisine from around the country, including well-known Taiwan's cuisine. There are more than 60 food exhibitors this year, said the organizers. Visitors will have chance to taste well-known Taiwan snacks and refreshments including brown sugar lollipop, nougat, pineapple cakes, dried fish floss, guava juice, grapefruit, dark plum juice, mango pudding, charcoal peanuts, etc..

The No.1 Pavilion is featured by the fruits exhibition of Kuqa County, Xinjiang Uyghur Autonomous Region. Fresh pears, apricots, apples, dates, and walnuts are available here.

In addition, visitors can find donkey-hide gelatin produced in Shandong's Dong'e County, rice in Northeast China, Bread twist produced in Tianjin, liquor produced in Guizhou Province.

Read more: 2012 China Food Expo was held in Ningbo

Clothes donated for Yiliang quake victims

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Category: Charity Ningbo
Published: Tuesday, 20 November 2012 09:21

Ningbo Outdoor Emergency Rescue Team received a total of more than 2,000 clothes in a recent public charity donation for Yiliang quake victims in Yunnan Province. The donated supplies have been transported to a non-governmental earthquake relief workstation after being classified and packed.

The charity donation started on October 24. The public in Ningbo soon opened their heart and wallet for disaster victims.

An owner of a footwear store donated 600 pairs of new shoes. A citizen surnamed Ye donated new stationery for kids as well as 5,000 yuan as the transportation fare. Similar charity donations were also held in Yinzhou and Beilun districts.

City to have sufficient power supply this winter

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Category: Governmental News
Published: Tuesday, 20 November 2012 09:21

The power supply will be sufficient for Ningbo as winter approaches, said local authorities. Power demand was on rise as recent cold airs visited Ningbo and brought a temperature drop from 15 ℃ in late October to the current 5 ℃. The city's maximum power consumption was 6.93 million kilowatts on November 9, an increase of nearly 300,000 kilowatts compared to the end of October, an increase of 9.5 percent year-on-year.

According to previous experience, Ningbo will expect its peak winter demand in mid-December as heating demand grows. It is estimated that the maximum power demand could reach 8 million kilowatts this winter.

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