Foreign Trade and Economy

As a historical port city for foreign trade, Ningbo had become one of the three ports for foreign trade in China as early as the 7th century. In 2000, the self-oriented import and export trade volume of Ningbo amounted to 5.168 billion Us dollars, increasing by 48.6% as compared with 1999.The growth rate of exports stayed middling in China. In 2000, the actual foreign capital utilized in Ningbo reached 0.622 billion Us dollars, increasing by 20% over the precious year. All these achievements have laid a solid foundation for further development of Ningbo's export-oriented economy.

Foreign Trade --- Ningbo's self-managed import and export volume came up to 7.541 billion US dollars, of which the exports achieved 5.168 billion US dollars. The export volume of machinery and electronic products came up to 2.161 billion US dollars, increasing by 63.79% over the last year, making up 41.82% of Ningbo's total export volume.The export volume of textiles and garments reached 1.535 billion US dollars, increasing by 47.04% over the last year. Ningbo has been exporting its products to as many as 183 countries and regions.[DETAILS]

Foreign Investment --- There were 550 foreign funded enterprises having been approved in 2000 with a contractual foreign capital of 952 million US dollars. The actual utilization of foreign capital achieved 622 million US dollars. By the end of 2000, a sum of 5040 foreign funded enterprises had been approved accumulatively, with total investment up to 13.206 billion US dollars, of which the contractual foreign capital took up 84.54 billion US dollars and the actual utilization of foreign capital reached 4.01 billion US dollars. [DETAILS]

Foreign Economic Cooperation --- The turnover of foreign engineering and labor cooperation in 2000 reached 200 million US dollars, grew 16.2% over 1999. The total has been up to 14,300 persons by the end of 2000. 43 foreign business offices have been set up with approval in Ningbo and 44 overseas enterprises have been set up abroad. [DETAILS]