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Ningbo made a new high in export in May

After the slump in the first four months this year, the foreign trade of Ningbo boomed in May. According to a related department, both import and export made new highs for this year. The total of import and export reaches 8.85 billion US dollars, increased by 6.1%.

In the first 5 months this year, The total of import and export reaches 39.14 billion US dollars, up by 1.3% over the same period of the previous year. Of the total, the import is worth 14.8 billion US dollars, dropped by 3.7% over the same period of last year. The export reaches 24.34 billion, increased by 4.6%. The favorable balance amounts to 9.54 billion US dollars. For foreign trade, Ningbo ranks the 3rd of the 15 quasi-provincial cities of the country, only next to Shenzhen and Guangzhou.

A highlight in the foreign trade in Ningbo is that the enterprises of the city are quickening their steps of "going global".

In May, Ningbo approved 17 offshore enterprises and institutions. The confirmed investment by Chinese enterprises amounts to 132 million US dollars, increased by 22.9%. The actual investment by Chinese enterprises amounts to 50 million US dollars. Those enterprises and institutions are in 11 countries and regions. The output of overseas projects and labor services amounts 99 million US dollars, increased by 37.5%.

Read more: Ningbo made a new high in export in May

Taiwan snacks in Shipu

A store of Taiwan goods (snacks, jewelries and cosmetics) was opened at Shipu Cross-Straits Mall of Xiangshan.

14 Foreign Trade Incentive Measures Issued

 Recently, 14 foreign trade policies were issued by the municipal government office in Opinions on the Policies to encourage the Steady Growth of Foreign Trade, with an aim to support local enterprises to further expand the international market. The policies covered several aspects including overseas exhibition, export credit insurance, e-commerce marketing and import and export expanding.
According to the Opinion, the government would offer a maximum grant of 30,000 Yuan and 20,000 Yuan respectively for each standard booth among 40 booths of Ningbo-Singapore Import and Export Commodities Fair and 17 booths of Las Vegas International Garment Fair. It would also provide a certain proportion of financial support for the enterprises participating in major foreign-related exhibitions such as China Import and Export Fair (Benin), Zhejiang Export Fair (Indonesia) and China Export Fair (Hungary). All the small and micro-enterprises to be participated in the overseas exhibitions held after June 2012 will get a maximum grant of 10,000 Yuan more for each standard booth.
According to the Opinion, the leading foreign trade enterprises which deal with production and circulation and contribute much to the local foreign trade and taxes can be given priority accesses to clearance, inspection and quarantine, drawback, land, electricity, credit, human resources and taxes. Meanwhile, an annual award is set for the enterprises having a significant growth in its performance. The e-commerce platform with an annual increase of over 500 new-added foreign trade enterprises will be rewarded and the one with over 1500 will get a maximum grant of 700,000 Yuan.
In order to reduce the trade risk, the export credit insurance was raised to the highest 15% for local enterprises while 20% for import. Among them, the maximum grant for the exports to the EU and Middle East reaches to 25%. The grant for small and micro-enterprises which are newly insured after June 2012 are raised to a maximum amount of 55%. Enterprises which passed the assessment of demonstration pilot of international trade friction qualify for a maximum grant of 150, 000 Yuan. According to the Opinion, special fund was allocated for agencies dealing with small loans, financing guarantees, chattel mortgage regulatory to offer some financing products and intermediary services for small and micro-foreign trade enterprises. The government will give a certain proportion of risk compensation to make up their bad debt.

IFA to be held in Sept

News from China Council for the Promotion of International Trade, Ningbo Sun-council (CCPIT-Ningbo) said that over 80 manufacturers of consumer electronics and home appliances from Ningbo were scheduled to attend the IFA (2012) in Berlin. It shows that Ningbo enterprises are seeking to go global as the economy has entered into a year of recession. 
The IFA (2012) will be open from 31 August to 5 September. It is the global trade show for consumer electronics and home appliances, presents the latest products and innovations of all the global brands. IFA is also the main meeting place for key retailers, buyers, and experts from the industry and the media. IFA 2011 attracted 238,000 visitors and had a turnover of 30.7 bln Euros, making it the largest exhibition in the world. 
Ningbo, as the most important production base of consumer electronics in China, boasts of a vast sea of manufacturers of electronics in varied sizes and types, including LCD TVs, air conditioners, refrigerators, washing machines, vacuum cleaners and so on. Some companies have also made world leading achievement in the research and development of new products. As consumer electronics in Ningbo make strides toward intelligence, Ningbo has become a key source of exhibitors for IFA. It is also learned that Ningbo exhibitors will exhibit their latest products. 

Father's Day coming businesses online charging forth network quietly

  Ningbo, China (Reuters) Today is Father's Day, and from some supermarkets, shopping malls and online store yesterday, "Father's Day" Mother's Day "," Children's Day "during the online and offline businesses" all hot "lively fresh children seems to reflect online, supermarkets, shopping malls and traditional retail promotions for Father's Day is less than some "clout", "economy" showing a "hot-line network under short" the stock market.
  Noon yesterday, the reporter saw in a number of mall visits in the urban area, most businesses could not get much interest in "Father's Day, only a few held a special promotion. In the the Intime Tianyi men's clothing area, in addition to around hanging publicity banners for Father's Day rally, with only scattered a few men's counters during the discount promotions and full reduction activities.
  Two hundred men zone in Ningbo, the introduction of a Father's Day during the part of men's shoes discounts. "Originally hit 6.5%, this is just a few days on a weekend, coincided with the 'Father's Day', from the 15th to the 17th of this month, part of the shoes to play on the break." A brand of men's counter sales staff, told reporters from counter sales in recent days, Father's Day on the role in boosting sales and less obvious. Mother's Day and Christmas in the country after years of development, has become a conventional holiday, businesses will do a good job before the festival promotion planning; Father's Day the rise time is shorter, so businesses, the public is still not seriously. "
  However, with the net business lightly at Online Shopping Mall during the Father's Day is a "raring children. An online store to see men of supplies has become a hot search term, such as cervical massage, razor, men's shirts become a popular commodity.
  One selling massage businesses in the shop with the word "father as a mountain" tagline and launched a holiday special, also Father's Day "during which sells a number of embroidered" Dad worked hard "on the limited edition massage pillow. Reporter statistics of the store transaction data, as of 18:20 yesterday, the store holiday specials in just one day turnover of 306 pen the day before yesterday, turnover reached nearly 600 pen.
  The reporter then search for other men's products in the online store to see the majority of shop store men's supplies, and "Father's Day" hang up the hook, in order to achieve promotional purposes. Such as a shop selling brand razor, launched a razor with original spare foil or electric nose hair with a package, and only launched a special this weekend, attracted many buyers have the next one.
  Pro, Father's Day to the medals awarded to the father. "In addition to some of the common Father's Day gift hot, creative gift shop launch has also been sought. Reporters in a shop to see one made of zinc-aluminum alloy, one side engraved with "Best Dad Award", the other side can be personalized custom greetings, "the Olympic gold medal to become the" pet "of the Father's Day gift a day within the sales of hundreds of pieces. "Direct Mail for Dad units, he said very much, novelty gift coax elderly happy it named" Mars Little Sheep "buyers message said.
  In addition, to help the buyers to write "love letter" to his father, printed with "Dad, mom hard," the creative towel gift set off a surge of small buying frenzy, but also the online store

 

Oriental Hotline Alerts | Source 2012-6-17 10:04:01 Ningbo, China
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