Recently, a promotional activity for 100 developing foreign trade companies has been held in International Convention and Exhibition Center in Ningbo. The program was jointly hosted by the State Administration of Foreign Exchange(SAFE), Ningbo Branch and Ningbo Bureau of Foreign Trade ＆ Economic Cooperation.

More than 120 small and medium-sized foreign trade companies secured credit support amounting to 7 billion yuan from financial institutions, which means a strong financial support for their future development.

The promotional activity belongs to a large-scale SME foreign exchange services program offered by SAFE Ningbo Branch. The move aims to further improve the foreign exchange allocation and step up development of Ningbo’s open economy.

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The Ningbo branch of CCB held a bank-enterprise cooperation conference for small enterprises in Kaiyuan Hotel on the afternoon of April 6, aiming at providing better service for the entity economy in response to the “banking service month” activities launched by Ningbo Banking Regulatory Bureau.

In the conference, Li Xiaoming, General Manager of the Small Enterprises Department of Ningbo branch of CCB, made a special presentation of the innovative products for small enterprise clients. Finally, 420 million yuan worth of cooperation intentions was made between the bank and small enterprises

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With the introduction of the two entire-vehicle projects of Geely and Volkswagen (Shanghai) and settlement of a range of high-end core parts manufacturers such as Mando (South Korea), Faurecia (France), Visteon (USA) and Yazaki (Japan), Hangzhou Bay New Zone has become an important automobile industry base and high-end core automobile parts manufacturing base.

In January last year, the high-end automobile parts industrial park was established in the new zone in cooperation with the Geely Group. In April, the whole-vehicle project of Geely with an annual output of 120,000 automobiles was put into production. In January 2012, the whole-vehicle project of Volkswagen with an annual output of 300,000 automobiles began to be constructed. In March 2012, the supplier park for the Ningbo base of Volkswagen (Shanghai) (also known as Ningbo International Automobile Industrial Park) started to invite business. According to Zhou Jiangyong, member of the Standing Committee of Ningbo Party Committee and Secretary of the Working Committee of the administrative committee of the new zone, the automobile industry is one of the major 100 billion yuan industries to be cultivated in Ningbo, and it is also the dominating industry in the new zone and leading industry in enterprise transformation and upgrading. To promote the specialized, high-end and large-scale development of the automobile industry may play a significant role in implementing the large platform construction set by the provincial government and party committee and the “six-quickening” strategic planning set by Ningbo municipal government and party committee, as well as in building the demonstrative zone of “quality development”.

According to the schedule given by the site headquarters of Volkswagen (Shanghai), the record for the fastest whole-vehicle production will be born in the zone. This year, by speeding up the construction of the large platform featuring automobile industry and enlarging the accumulative effect of the settlement of Volkswagen, the zone will make great efforts to attract a range of big and effective projects with global influence and a leading role in industrial transformation and upgrading, including three to five Fortune 500 (world) companies and over five Fortune 500 (China) companies. So far, some specialists and specialized advisory agencies in automobile industry have been entrusted by the new zone authority to design the development planning of the automobile industrial park, and the industrial park for automobiles and parts has been listed as one of the eight major parks to be constructed during the 12th Five-Year Plan period. It is estimated that by 2015, the total turnover of the automobile industry in the new zone will break 100 billion yuan.

Ye Wentao, Chief of Economic Development and Administrative Approval Bureau of Hangzhou Bay New Zone, commented that as the “industrial locomotive”, automobile industry has a long industrial chain and plays an indispensible role in strengthening the local comprehensive economy. The rise of the automobile industry in the new zone may make a limitless impact on Ningbo and even the entire province

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It is reported by Ningbo Customs on March 19 that last week, the first batch of imported equipments for the rail project arrived in Ningbo Lishe International Airport from France. The arrivals, valued at 234,500 US dollars, include such line signaling system parts as signal transceiver, ATP board, and train-ground communication equipments. All the imported equipments for the line No.1 project is estimated to be worth 350 million yuan.

It is learned that the first batch of imported signaling equipments are from ALSTOM Co. Ltd. The line signaling system can monitor and control the movement of trains and the status of such equipments of line switches and signals, thus informing the dispatching staff the operational status of the trains so that timely measures can be taken in times of emergency. In addition, the system can guarantee the safe operation of trains by providing protecting devices such as train gap protection, speeding protection, safe doors, and surveillance devices for underground screen doors and elevated security doors. In a sense, the train can realize “auto-pilot” with the system. Reportedly, the detailed design of the first phase of the line signaling system for the No.1 rail project has completed, and the first vehicle-carried train signal device will be sent to Zhuzhou Electric Locomotive Co. Ltd for assembling and debugging in June 2012. The first batch of ground signaling system is to arrive in Ningbo in July and to be installed in October. A three-month no-load test operation will be carried out and the trial operation with passengers will be scheduled in 2014.

According to the information from related personnel from Ningbo Customs, the international tendering and contract signing job has been completed for the main mechanical and electric equipments of the first phase of the rail transit Line 1 project, to be opened in June 2014, and the construction is currently underway. Siemens (German), ALSTOM (French), Hochman (US), G & D (German) and SAFOP (Italian) have been chosen as major equipment suppliers after a comprehensive consideration of their enterprise qualifications, equipment quality and application performances. The imported equipments and systems mainly include vehicles, driving systems, signaling systems, AFC, underfloor wheel lathes, towing vehicles and rail grinding cars. Since March this year, about 50 batches of equipments will arrive in Ningbo, the last batch scheduled for April 2014, with the import value amounting to 350 million yuan

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In the breakthrough year of the major “six-quickening” projects, Ningbo will optimize the investment structure of its state-owned assets and increase investment efforts. News comes from the Working Conference for State-owned Assets and Enterprises held recently, this year, the investment by state-owned enterprises in major “six-quickening” projects will surpass 18 billion yuan.

The conference makes it the aim to display fully the leading and supporting role of the municipal state-owned enterprises in strategic, fundamental and livelihood areas and to make great efforts to promote the stable and rapid economic and social development.

Last year, the state-owned enterprises in Ningbo played a leading role in the development and construction of the strong international port, major infrastructure projects, major urban blocks and major livelihood projects, besides preserving and increasing the value of state-owned assets. By the end of last year, the ten specially inspected major government projects undertaken by state-owned enterprises in Ningbo had completed an investment of 8.965 billion yuan, 110% of the yearly plan.

This year, the state-owned enterprises will continue to enlarge the effective investment demands, and accelerate the construction of a batch of major infrastructure projects, major urban block projects and major livelihood projects, such as the rail traffic, the south and north outer-ring expressways, Chuanshan Port Highway, Xiangshan Port Bridge, Sanmen Bay Bridge, “the north banks of the two rivers”, Qincun Reservoir and cultural squares. And the intended annual investment will surpass 18 billion yuan.

In accordance with the requirements of building the core area of Zhejiang Marine Economic Demonstration Zone, the municipal state-owned enterprises will also make great efforts in investing in marine economy in order to promote the strategic transformation of Ningbo port from “goods transport port” to “trade logistics port”. Ningbo Municipal SASAC encourages the combination of industry and finance, endeavors to promote the state-owned enterprises to invest in marine industry, and supports the development of marine finance industry with marine industry fund and East Sea Bank, etc. as the main body. It will also strengthen its financial security for marine economy development by realizing an investment of over three billion yuan.

In terms of the development of large port industries, the state-owned enterprises will also display their leading role, further optimize the structure and put in more investments. The investment in such major projects as Zhenhai Power Center, LNG cold energy utilization, big ethylene project of Zhenhai Refining & Chemical Co. and the second phase of big ethylene project of Formosa Plastics Group will surpass one billion yuan this year.

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It is learned from the traffic and railroad conference held in February 20, in 2012, the investment in traffic infrastructure will reach 16.1 billion yuan, among which 8.6 billion yuan will be invested in highway building, 2.5 billion yuan in railroad building, 5 billion yuan in port and inland rivers construction and another 35 million yuan in city bus stations. The building of the “international strong port” will be further accelerated by completing a cargo throughput of 440 million tons and a container throughput of 15.3 million TEUs. Liu Qi, Vice Secretary of Ningbo Municipal Party Committee and Mayor of Ningbo, called for all related sections and departments to make joint efforts to overcome difficulties in work and endeavor to accomplish the objectives of this year’s tasks. Vice-mayor Su Limian presided over the conference.

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It was learned recently from the Municipal Bureau of Taxation that a total of 14,303 tax paying companies have been approved of export tax rebates in 2011, valued 385 bln yuan, increasing by 20.7% over the same period of the previous year. Ranking fifth nationwide and first in Zhejiang Province, the tax refunding aggregates provide sufficient capital support for the city’s open economy to reverse in adversity.
In 2011, faced with the complex economic situations domestically and internationally, foreign trade in Ningbo saw a continued upward trend, with its total volume almost hitting 1000 bln US dollars (98.188 bln US dollars) this year, up 18.4% over the same period the previous year. This includes 60.832 bln US dollars of exports, an increase of 17.1%. Correspondingly, the city’s tax departments have fully performed the regulatory function of taxation by properly carrying out export tax rebate policies, constantly simplifying relevant auditing and approving procedures based on controllable risks, and doing their utmost to reduce the time needed for the capital turnover of enterprises, thus refunding over 0.1 bln yuan per day on average for exporting enterprises, particularly for mechanical and electric, textile and garment companies.
In 2012, faced with new export situation and its new features, the city’s taxation department has formulated the “Breaking and Speeding” Campaign Plan on Export Tax Rebate, stating that it will be carried out in the first half of the year. This campaign will aim to take account of the reasonable demands of exporting enterprises, further improve the service and management of export tax rebate, accelerate relative auditing and approving procedures, and ensure timely and sufficient export tax refunding through various concrete measures such as raising the reading-in frequency of external information, trying out “spot application” of export tax rebate service in some regions, promoting internet application, upgrading the transmitting means of materials for approving, developing policy-promoting service and warning service, etc.

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On the afternoon of February 6, five financial institutions at municipal levels signed a strategic cooperation agreement with local government of Yinzhou, in an effort to boost the development of the real economy in Yinzhou District. Vice mayor Su Limian attended the signing ceremony.
According the agreement, the five financial institutions including China Development Bank and Ningbo ICBC shall provide credit support of 45 billion yuan for Yinzhou in the next three years. Meanwhile, six banks entered into a collaboration with six financing bodies, providing loans (credit) amounted to nearly 3.8 billion yuan. The contracted projects shall cover the construction of urban infrastructure, new functional blocks, the development of new rural construction, and micro-enterprises.

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In 2011, the insurance market of Ningbo witnessed a stable development. The income from the premiums of insurance totals 14.839 billion yuan, increased by 16.21% over the precious year and for the growth rate Ningbo ranks the 9th in Chinese cities. Of the total, the income from the premiums of property insurance reaches 7.985 billion yuan, increased by 16.94% over the precious year nearly the same growth rate of the average of the country. The income from the premiums of life insurance reaches 6.854 billion yuan, increased by 15.38% over the precious year, 8.9 points higher than the average growth rate of the country. For the growth rate Ningbo ranks the 8th in Chinese cities.

The insurance business has made more contribution to the social development. In the past year, the premiums of various kinds amount to 5,500 billion yuan, increased by 17% above the same period of last year. The indemnities amount to 4.814 billion yuan, up by 30.6%. In the year The taxes from the insurance business reaches 430 million yuan and the taxes on vehicle and vessel usage collected on behalf of tax departments amount to 317 million yuan. All this has greatly promoted the economic and social development of the city. The pilot program of the insurance for small loans, the pioneering program in the country, went on smoothly. In the year, insurances were provided to 884 small enterprises and 58 farmers for 1,093 loans, involving premiums of 1.42 billion yuan

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According to the authoritative data issued by Ningbo Survey Group of the National Statistics Bureau, in 2011, the rural per capita net income stood at 16518 yuan, up by 15.8% over the previous year. While the urban resident per capita income reached 34058 yuan, up by 12.9%. With the rural income achieving double-digit growth for eight consecutive years, the urban-rural income ratio is further reduced to 2.062:1.

Promoting the steady increase of rural income is the starting point and ultimate goal of the new rural construction. Ningbo has made great efforts to construct the long-term system of rural wealth accumulation by implementing the favorable policy to agriculture. On the one hand, industries, populations and producing elements are guided to assemble in towns to promote the famers to transfer to the second industry and third industry. On the other hand, a group of professional farmers with techniques and business skills are cultivated and encouraged to gain more benefits through capital and technology investment. Taking the scarce jobs and high-skill training that are in great demand in markets and industries as a breakthrough, the city focused on the transfer skills training of the farmers. At the same time, the “one training for one industry” approach was adopted to train the subjects of modern agriculture business. In 2011, about 118,700 rural laborers were trained, among which 29,500 were trained in transfer skills and 52,000 were trained in migrant workers’ job skills. About 23,000 rural laborers achieved transfer employment after training.

The leading agricultural enterprises, the specialized farmers cooperatives and the agritainments promote the continuous increase of rural income. In 2011, the leading agricultural enterprises in Ningbo took in 150,800 rural employees and about 898,200 rural households were affected. 1700 specialized farmers cooperatives in the city affected 350,000 rural households. While working in enterprises, a large number of rural workers set up some new forms of industries such as intermediary services, chain business, rural community services and agritainments. In 2011, the “agritainments” received 11.918 million tourists and achieved a business income of 1.13 billion yuan, up by 31.6% and 41.1% respectively over the previous year. In terms of the structure of the income, the salary income continued to growth rapidly and reached 9667 yuan per capita, up by 19.0% over the previous year, contributing 68.3% to the increase of the net income.

With the development of the rural housing reform and rural joint-stock reform, more and more famers benefit from the soaring of property income and dividend income. In 2011, a total investment of 12.991 billion yuan was put into the reconstruction of 78,100 rural houses, of which the construction of 48,100 houses with a total area of 6.53 million square meters has been completed. So far, as there have been 548 rural economic cooperatives, the total dividend for farmers reached 1.33 billion yuan or 198.2 yuan per capita. Some farmers even become landlords or share holders by selling or letting their extra houses. All the above elements promoted the increase of the non-business rural net income, which amounted to 2937 yuan, an increase of 46.6% over the previous year, contributing 41.4% to the increase of the net income.

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