It's Happening....

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Category: Governmental News

Published: Monday, 06 February 2012 09:58

Ningbo is turning itself into a city powerful in the construction industry. According to Ningbo Housing Construction Committee, in 2011 Ningbo ranks No.1 in Zhejiang in the growth of construction industry. In terms of the output value of the industry, Ningbo is among the top three of the province.

The statistics show that in 2011 the output of the construction industry of Ningbo reaches 192.5 billion yuan, surpassing Jinhua for the first time. For the output, Ningbo is only next to Shaoxing and Hangzhou. In 2011, the total output value of the industry increased by 35.8%, 13.5 points higher than the average growth rate of the industry of Zhejiang and for the growth rate, Ningbo ranks the first in Zhejiang.

Statistics show that in 2011, the added value of the construction industry reached 33.06 billion yuan, breaking through the 30 billion yuan mark for the first time. The added value of the construction industry accounts for 5.50% of the GDP with its contribution rate to the economic growth reaching 5.87%. This indicates that the construction maintains to be a leading contributor to the economy of the city. In 2011 the local tax by the construction industry totals 5.65 billion yuan, increased by 33.3% over the precious year and covering 11.3% of the total of the local tax.

So far, Ningbo has 2 construction companies whose annual output excels 10 billion yuan, 33 companies whose annual output excels 1 billion yuan. It has 4 listed construction companies