|
Doing Business and Investing in Ningbo, Zhejiang Province, China
What Does the World and China Say About Ningbo:
A Quasi Provincial City of China
A Famous Port City of China - The Excellent Tourist City of China
The Environment Protection Model City of China - The National Hygienic City of China
The Happiest City of China - The Civilised City of China - The Desirable Living Environment Index for Public Cities of China
and More
Forbes: The Best Business Cities of China.
United Nations: It Is One of the Most Promosing Cities in China.
Ningbo is located at the middle part of China's coastline and south flank of the Yangtze River Delta, bordering on Shanghai and Hangzhou.
Ningbo is one of the cities opening up to the outside world, an independently planning-city enjoying the same rights as those of a provincial government in economic management, "a large city" entitled to formulate local laws and regulations, and a famous historic city with rich cultural heritage. It covers an area of 9,816 sq.km and has a population of 5.6456 million. The jurisdiction of Ningbo City encompasses two counties (Xiangshan and Ninghai), three county-level cities (Yuyao, Cixi and Fenghua) and six urban districts (Haishu, Jiangdong, Jiangbei, Zhenhai, Beilun and Yinzhou) .
Ningbo boasts a long history. It is the birthplace of the "Neolithic Hemudu Culture" dating back more than 7,000 years. Ningbo has been a well-known key port for foreign trade ever since ancient time. Ningbo ranked with Yangzhou and Guangzhou as the three biggest ports for foreign trade in Tang Dynasty and with Guangzhou and Quanzhou in Song Dynasty. After the First Opium War, Ningbo had been one of the five commercial ports opened to the Western countries. Ningbo port has become one of the important ports in China. Its cargo handling capacity reached 345 million tonnages in 2007, ranking second among the ports in the mainland of China, and its container handling capacity amounted to 9.35 million TEU.
Enjoying sound conditions for economic development, the social economy of Ningbo has been developed rapidly since opening up to the outside world. In 2007, the city GDP reached 343.308 billion RMB yuan, the GDP per capita 8026 USD, the revenue 73.292 billion RMB yuan .The average disposable income of urban dwellers grew to 22,307 RMB yuan and the net income of rural population climbed to 10,051 RMB yuan. Nowadays, Ningbo has become an important industrial city and foreign trade port in east China, a key city and chemical industrial base in Yangtze Delta and an economic center of Zhejiang Province.
Ningbo enjoys subtropical monsoon climate featuring mild temperature, moderate humidity and distinctive seasons. The city is an ideal tourist place with culture monuments and historical sites.
Since the first foreign enterprise established in Ningbo in 1980, the foreign investment inviting increased very fast, the industrial structure of foreign investment is further optimised and project quality greatly improved. The foreign investment concentrated in following industries: light industry, textile, electronics, petroleum chemistry, machinery, transportation, infrastructure, culture and tourism, real estate, etc., which make up the shortage of fund for a large scale development in Ningbo, promoted the adjustment of industrial structure, improved the comprehensive competitive power and economic importance of the city. Utilising the foreign investment become the main part of the economic development in Ningbo.
In 2007, there are altogether 854 newly approved foreign invested projects in Ningbo, the total investment is 7.85 billion USD, contracted foreign investment 4.5 billion USD, actual foreign investment utilised is 2.5 billion USD, which increased by 17.41%, 1.7% and 3.1% respectively than the previous year. By the end of December, 2007, the total number of foreign invested projects are 11,914, with total amount of investment 62.7 billion USD, total contracted foreign investment 29.15 billion USD, total foreign investment utilised 14.70 billion USD. Out of which there were 272 large projects with total investment over 10 million USD.
Ningbo is focusing on the following main ten industry projects:
10 Advantageous Industrial Clusters to Be Focused in Ningbo |
| No. |
Industrial Cluster |
Orientation and Stress |
1 |
Electro-information & photo electricity |
mobile communication terminal, computer and network products, integrated circuit, liquid crystal display, digital video & audio, software |
2 |
Equipment manufacturing |
Plastic injection molding machinery, electricity transmission and substation transformation, digital-controlled machine tool |
3 |
Automobile and parts |
Economy car; automobile parts, car decoration |
4 |
New materials |
Electronic information material, Ndfeb products; high molecule material, nano material |
5 |
Textile & Garments |
After-weaving trimming, medium & high quality clothing material, clothing design; famous-brand clothing & trappings |
6 |
Household appliance |
Kitchen equipment & sanitation, famous-brand appliance |
7 |
Precision apparatus |
New-type industrial automatic apparatus, new-type measuring apparatus, high-efficiency optic apparatus |
8 |
Fine chemical industry & biological medicine |
Ethene fine chemical products, biological medicine, Chinese medicine, chemical medicine |
9 |
Molding |
Plastic mould, metal die-casting mould, powder metallurgy mould, rubber mould and related products |
10 |
Stationery |
Research, development, design, production and marketing of stationery. |
For details about the process of investing in Ningbo, please click here for information. For more information about doing business and investing in Ningbo, please go to the Contact Us page to contact us and click
here for a prospectus of Camellia Unviersal Limited (China Business & Investment Advisors).
Ningbo, China
|
"Our record
shows that we deliver values to our clients that far
exceed costs."
"We always seek a deeper and long-term relationship
with our clients."
--- Mr Biao Wang MBA (Founder
& CEO of Camellia Universal Limited)
|
|
