Copyright 2019 - Custom text here

Ningbo enterprises are invited to participate in the Thailand International Logistics Exhibition

On June 4th, the Consulate General of Thailand in Shanghai and the Department of International Trade Promotion of the Ministry of Commerce of Thailand hold the Thailand Bangkok International Logistics Exhibition Promotion Conference in Ningbo, inviting Ningbo logistics enterprises to attend the exhibition. It is reported that the exhibition will open from August 28th to 30th, with more than 10,000 professional merchants expected to come.

Bangkok International Logistics Exhibition is the largest international logistics trade exhibition in southeast Asia, which has been successfully held for 14 years. More than 400 enterprises from the fields of material handling and storage equipment, logistics services and supply chain, and security have signed up to participate in the 2019 International Logistics Exhibition, covering an exhibition area of nearly 10,000 square meters. THONG TANGSRITRAKUL, vice President of the Thai logistics federation, tells us that logistics is one of the four most important pillar industries in Thailand and has great potential for future development.

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Companies Most Worth Investing in Ningbo

The 3-month search for the companies most worth investing concluded in the afternoon on July 3. Ningbo Phase stood out among over 400 businesses and was crowned the title “Star of Technological Innovation”. Changyang, Kunde, Khansword and Conda were awarded “Star of Progress”. Rivamed, Flycore, Jenscare, Newgen and Wukong won the title “Star of Innovation”. 

As the platform to connect capital market for Ningbo businesses and the window to showcase progress, the search for the companies most worth investing has been carried out 4 times, exploring over 300 enterprises with great potential and reached a total of 3 billion yuan of financing. Among them, Medicalsystem and Exciton have already been listed while Rongbay and Solartron are making efforts to be registered in Science and technology innovation board.

With the goal of meeting the requirements of Shanghai Stock Exchange, great endeavors have been made in 2019 to exploit innovative businesses with great potential, which was closely watched by leading companies in new materials, new energy, smart manufacturing, bio-pharmaceutical and information technology. The 10 companies most worth investing were finally picked out after rounds of selection including information review on-site inspection.

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China (Ningbo) - Latvia cross-border e-commerce harbor project started

On May 20, local time, the Chinese Embassy in Latvia, Latvian government officials, business representatives, and local media representatives witnessed the launching ceremony of China (Ningbo)-Latvia cross-border e-commerce harbor in Riga, Latvia. Through cross-border e-commerce platforms, specialty products from Latvia and other Central and Eastern European countries can quickly and directly enter the Chinese market.

 

“Rilakdekor Mineral Coatings produced by the Riga Paint and Coatings Plant in Latvia is the first containerized cargo in the Harbour. The container is loaded with 1,425 barrels of nearly 13,000 liters of Rilakdekor Paint and is expected to arrive in China in mid-July.” Zhang Zhuoying, Secretary of Chairman from China-based Ningbo Foreign Trades believes this business is only the beginning. Driven by the Ningbo platform, more Central and Eastern European products will choose Ningbo as the entrance to China.

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Ningbo enterprises benefit from VAT reduction of imports

“Since the VAT rate was lowered on April 1 this year, the import value-added tax that we need to pay has been greatly reduced.” On May 22nd, the person in charge of Supertime (Ningbo) Malt Co., Ltd. said that it has helped them save 24,000 yuan in taxes from 1,000 tons of imported barley.

Since April 2019, VAT rate on imported goods has been lowered overall. Imported goods that enjoy VAT reform are mainly two categories: for the first category, the tax rate is adjusted from 16% to 13%, mainly including mineral products, crude oil, machinery and equipment; the other is adjusted from 10% to 9%, mainly including agricultural products, natural gas, agricultural machinery, petroleum liquefied gas, etc. According to statistics from Ningbo Customs, Ningbo enterprises enjoyed a tax reduction of nearly 1.23 billion yuan in April.

The person in charge of Jinguang Food (Ningbo) Co., Ltd. said that after the tax rate was lowered by 1 point, the company's import VAT in April was reduced by 3.65 million yuan. It is estimated that the annual VAT paid in 2019 can be reduced by 16.58 million yuan

First "Road to Railway" coal train launched in Ningbo Zhoushan Port

On the afternoon of May 20th, the coal railway line in Zhenhai harbor area of Zhoushan Port was quite busy. The “35-ton open-top carriage” loaded with 30 standard boxes was sent to Shaoxing after completion of the trial installation. This is the first water and rail transfer coal business of Ningbo Zhoushan Port to implement the national “Road to Railway” project and introduced a new model of railway bulk cargo transportation in the port.

 

It is learned that the "road to railway" coal train uses water and railway transfer mode. The loaded"35-ton open-top carriage" is the first model of Ningbo Zhoushan Port railway, which is convenient to load and unload and has high environmental protection standards. After the successful trial operation of this project, it will form a demonstration effect with convenient, environmentally friendly, door-to-door service advantages, and can benefit coal customers in Zhejiang, Jiangxi and other regions, which will provide strong support for Ningbo Zhoushan Port railway express train brand.

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