Foreign designers invited to help Ningbo enterprises
- Details
- Category: Top News
- Published: Monday, 31 October 2011 08:56
A couple of days ago, information from Ningbo Board of Trade showed that the social retails during the first three quarters have reached 143.39 billion Yuan, a year-on-year growth of 17.3%. Growths in wholesale, retail, accommodation and catering are 50.7%, 15.5%, 11.1% and 17.1% respectively.
Under the joint impact of complex domestic and international factors, the consumer market in the first half year has kept downturn momentum. And fortunately it is getting better in the latter half of the year.
In the first three quarters, the sales of 8 types of goods that compose nonproductive expenditure presented the trend of seven ups and one down. The seven ups are food, clothing, household items, medical care, traffic communication and educational and cultural services. Among them, medical care, and traffic communication increased faster, with the former growing by 63.3% and the latter 22.5%. While the housing and fitment aspect was on the down side, decreasing by 21%.
With the impact of the rising consumer prices, the income of people has decreased relatively, which led to the increase of most families’ expenses on food. This contributed to the result that per capita expenses on food from Jan. to Sept. reached 6126 yuan, increasing by 20.3% compared with the same period of last year. In addition, the Engel’s coefficient also rose from last year’s 35.5% to 37.6%.
On the forum of modern urban construction and development, which is part of the Ningbo-HK Economic Cooperation Forum was held in Hong Kong on Oct. 25.
Twenty-two joint projects of urban services were signed between Ningbo and Hong Kong.
These 22 projects, to name but a few, included MGM Hotel’s “cool city” project invested in the New Eastern Urban Area (NEUA), Huarun New Energy Holdings’ new energy project invested in Ninghai county, Hong Kong Shenggao Land’s Xiejia residential and commercial complex project in Jiangbei District of Ningbo as well as Hong Kong Chengbo Company’s Chengbo landing and capital increment project in Jiangdong District of Ningbo.