|With the globe as target, Ningbo headed forward into the world. Blessed by the spring breeze of the Reforming and Opening, Ningbo's foreign trade and economic cooperation have experienced a great leap in development with the whole world.|
a good Home for Entrepreneurs
Ningbo Economic and Technical Development Zone,one of the largest national development zones in China,was approved by the State Council in October,1984. It covers an area of 29.6 square kilometers and is now the energy and raw material base and export-processing zone in Zhejiang and East China. By Nov. 1999,investors from over 30 countries including Japan,U.S.,Germany and Korea etc. had already set up 463 foreign-invested enterprises in the Development Zone and the total investment of 4.06 billion USD and a contracted utilization of foreign investment of 3.31 billion USD. Of the projects,there are 74 whose investment are all over 100 million USD.
Ningbo Free Trade Zone ranks to be the highest development level in China,enjoying the most preferential policies and decision-making rights. NFTZ is connected with Beilun Port and the Ningbo Economic and Technical Development Zone. By Nov.1999,the Free Trade Zone had established more than 2,400 enterprises with a total import and export value of 2,8 billion USD, ranking front among the best 15 free trade zones in China.
Daxie Development Zone,launched in 1993,covers and area of 30.84 square kilometers surrounded by sea. The bridge with highway and railway under construction can well incorporate Daxie Island into the mainland economic system. The Development Zone has 15-km long coastline with about 40-60-meter deep sea. It is an idea place to build 200,000 tonnage deep-water docks. The Daxie Island aims to be a large international port of first class and an export-oriented economic zone.
the Gate to Welcome the Foreign Investment
The day by day improved investment environment of Ningbo greatly attracts investors from all over the world. In 1980,the establishment of the first foreign invested enterprise was approved. After Mr.Den Xiaoping's speech on his inspection tour to South China in 1992,Ningbo has been utilizing foreign investment more widely and effectively. By 1999,Ningbo had approved the establishment of 4490 foreign invested enterprises with a total investment of 11.65 billion USD, and the contracted utilization of foreign capital amounting to be 7.5 billion USD and the actual foreign investment reaching 3.39 billion USD.
Ningbo has been the hot land for investment by those transitional companies. Today,26 companies out of the "World top 500 companies"had made their investment in Ningbo and got involved in the field of petrochemical,biological pharmacy, agricultural products processing,food industry,textile manufacturing, steel manufacturing,mechanics,electronics and international trading etc. A great number of huge projects with investment over 100 million USD to 1 billion USD respectively have been established in Ningbo,like the Zhouhua Paper Mill,Bao Xin Special Steel,Samsung Shipyard,BP LPG,ESSO Petrochemical and LG Chemical,etc.
With years of efforts,the field for foreign investment in Ningbo has been expanded from the processing industry to the basic industries,infrastructure,finance,commerce,real estate and agriculture etc.
The introduction of foreign investment plays a very important role in raising funds for local construction,importation of advanced technology,enterprise management,and increasing the exports as well as foreign exchange reserve. It also greatly helps to accelerate the city's economic development and social progress.
|The booming Foreign Trade Express
The offspring of the Ningbonese Elite have been deepening their impression left to the world:"No market can prosper without Ningbo businessmen."They have promoted their business activities across the whole world. Ningbo people are becoming more enlightened and brilliant as they display their outstanding talents in the big stage of foreign trade with their unique business morals,commercial tradition and practice.
In 1988,Ningbo began to manage direct import and export by itself. Since then,the average increase rate of foreign trade and export volume has been over 40% annually. In 1999,the export volume of Ningbo totaled 34.7 billion USD. The fast development of the international trade qualifies Ningbo to be a key foreign trading port in East China.
About 1,000 foreign trade companies, manufacturers and foreign-invested enterprise in Ningbo are engaged in export business which form a grand structure of foreign trade and economic cooperation.
The major export items of Ningbo are textiles,clothes machinery and electronic products. The arts and crafts,the cereal and oil products,the light products,the live stock products ,chemical products, medical and health nutrition products are also in large scale. Ningbo products are very popular in overseas markets due to their superior quality,variety and reputable brands. Over 100 kinds of important export products have registered their trademarks abroad and gained worldwide reputation .
Ningbo commodities have entered the markets in 167 countries and regions,of which Hongkong,Japan,U.S., Korea, Singapore and German are the most important export markets for Ningbo.
Ningbo People Focus
On the Overseas Market Again
|When the 5.3 million people of Ningbo step in to the gate of the new century, a marvelous prospect lays before us:By 2020,Ningbo will have basically finished its modernization process with the major indexes of economic and social development reaching or exceeding that of the mid-developed countries. By then Ningbo will become a socialist modern international port.|