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Second Ningbo Nottingham Finance Forum Concluded

The second Ningbo Nottingham International Finance Forum was concluded at the Sheraton Hotel on July 13. The forum focused on "Stable Development of Economy and Innovation of Banking Services". The forum was co-sponsored by the CASS, Ningbo Municipality and the Nottingham University of the UK.

The forum was to increase the popularity and influence of Ningbo in financial academia and financial service sectors, and to promote the regional economics and research level on finance of Ningbo.

Prof. Li Yang from the CASS and the former vice prime minister of UK addressed the meeting. Other speakers included Wang Guogang, Qi Bin, Jia Kang, and Wang Yu. The topics discussed included internationalization of RMB, early warning and precautions on financial crisis, developments of global monetary policies and taxation policies and so on.

Boigle's new product put on market

The Ningbo Boigle Smart Technology Co., Ltd., recently developed a new product-RFID-24-hour Block Library which has been put to use in Anhui Library. The 24-hour block library is supplementary equipment for the extension services of libraries. It can automatically finish the procedures of lending and returning books and shelving service, which can increase the coverage of libraries.

Second Ningbo International Finance Forum Held

The second Ningbo Nottingham International Finance Forum was held at the Sheraton Hotel on July 11. Vice mayor Su Limian and some 400 scholars and finance professionals attended the forum.

The forum was co-sponsored by the CASS, Ningbo Municipality and the Nottingham University of the UK. The theme of the forum focused on Stable Development of Economic Stability and Innovation of Banking Services. Prof. Li Yang from the CASS and the former vice prime minister of UK addressed the meeting. The topics discussed included internationalization of RMB, early warning and precautions on financial crisis, developments of global monetary policies and taxation policies and so on

Ningbo-HK Economic Forum to Be Held Oct. 24

Information from the first work meeting of the organizing committee said the 2011 Ningbo-Hong Kong Economic Forum would be held on October 24.

The forum will take the theme of Pressing Ahead to Create New Achievements. It will center on the strategic deployment of Six Speed-ups by the city government, focusing on the development of HOPSCAs and speeding up of open economy.  It aims to upgrade the city's industries by promoting the exchanges between Hong Kong and Ningbo.

Breakthrough of export of mechanical and electrical products

According to Ningbo Administration for Entry-Exit Inspection and Quarantine, in the first six months this year, the export of mechanical and electrical products by Ningbo numbers 148,255 lots, valuing 5.01 billion US dollars, increased by 2.1% and 16.7% respectively over the precious year. This is a breakthrough of the export of mechanical and electrical products of Ningbo after the monetary crisis breaking out in 2008.

Home appliances, lamp fittings, and cables are still the major part of the export. In the past six months, the exports of these products value respectively 1.54 billion, 0.59 billion and 0.5 billion US dollars, respectively covering 30.7%, 11.8% and 10% of the total of the exported mechanical and electrical products. The export of the cables has the fastest growth rate, increased by 17.3% over the same period of last year, and the home appliances come the next, increased by 15.3% above the same period of the previous year.

The export of the mechanical and electrical products of Ningbo is still to Europe and America. To USA, the export reaches 880 million dollars, covering 17.6 % of the total; To Germany and UK, the exports value reaches 310 million and 220 million dollars, covering 6.2% and 4.4% of the total.

Cixi, Yuyao and Yinzhou are the major exporters of the products. The export by Cixi reaches 1.81 billion US dollars, covering 36.1% of the total; The export by Yuyao and Yinzhou reaches 870 million and 810 million dollars.

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