Food Expo had 64,000 visitors

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Category: Ningbo Business

Published: Thursday, 08 December 2011 01:53

According to statistics from the organization committee, 64,000 people, businesspeople included, came to the Food Expo on December 3. The number of visitors increased considerably when compared with the first day.
The Expo opened at 9 am. Among the exhibition halls, the Famous Brand Hall, the China Hall, the Zhejiang Hall and Ningbo Hall were the most popular ones. In the Brand Hall, people could buy famous wines from all over the world. In the Zhoushan Hall and Ningbo hall, aquatic products especially tuna sold very well. In Ningbo Hall which was supported by the Agricultural Production Co-operatives, agricultural and sideline products of various kinds sold very well.
Another attraction for Ningbo people was that they could taste various kinds of delicious foods in the Expo, including the snacks from South Korea and Japan, Xinjiang mutton barbecue, Taiwan snacks and Huzhou steamed dumplings.
According to the organizer, 16,000 tickets of the Food Expo were sold on December 3, nearly 10,000 tickets more than the previous day. The sales of the tickets would last until 2 pm and all halls would be closed at 4 pm

China Food Expo to unveil on Nov. 30

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Category: Ningbo Business

Published: Tuesday, 22 November 2011 09:10

The China Food Expo of 2011 (CFE hereafter) will be held at Ningbo Conference and Exhibition Center on Nov. 30, according to information from Ningbo Board of Trade released at Nov. 15. Special pavilions will be prepared for exhibitors from Hong Kong, Macau and Taiwan, which will be the first time ever in the history of the event. It is also learned that overseas foods will account for over 30% of the total.
It is learned that a new exhibition hall will be set up for imported food. The No.1 Hall and the pavilion for red wine perennial hall will exhibit imported red wine.  The No.2 Hall will be reserved for exhibitors from Hong Kong, Macau and Taiwan. At the same time, the organizing committee will invite a large number of overseas multinational retailers and professional buyers, such as retail giants of METRO, TESCO, E-mart, Auchan, and Carrefour and so on.
The pavilions will be set up according to different categories of foodstuffs such as meat products, dairy products etc. as well as different origins of the food such as marine products, imported food and local specialties of China, etc., for the convenience of purchasers. In addition, the visiting time for purchasers will be intentionally separated from that for the public for convenience of professional buyers. The organizing committee is striving to further improve its service system to provide buyers with more convenient and better service. For example, some value-added services such as tourism, expressage and insurance etc. will be available in the exhibition halls. Meanwhile, platforms for online- purchasing will be set, too, which shall further broadens purchasing and trading channels and combines online deals with offline ones

NFTZ Forging a Global Wine Purchase Platform

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Category: Ningbo Business

Published: Thursday, 08 December 2011 01:49

Since the first try of wine import business in 2009，Ningbo Free Trade Zone（NFTZ）has become the largest professional wine import market in Zhejiang province.
75 wine import companies from NFTZ attended the food Expo held on December 2, with the exhibition area totaling 2,189 square meters, which set a record high in scale.
NFTZ has its incomparable advantages in forging the wine import market.
NFTZ is adjacent to the fine Ningbo port and enjoys the convenient transportation to Shanghai within 3 hours. The companies settled here have some business privileges such as free choice of settlement through RMB or USD, accepting LC from domestic companies, etc. 
In forging a global wine purchase platform, NFTZ has made great effort to improve the clearance environment for wine import.
Special window for the wine import companies was set by Ningbo Customs and new measures for determining the price of imported wine were employed. The first professional lab for wine testing in East China was founded in NFTZ by Ningbo Entry-Exit Inspection and Quarantine Bureau. At present, NFTZ boasts salient advantages in clearance efficiency and costs for imported wines.
The NFTZ has set up a special market development company, providing services of engineering property, market management and promotion, business consultation and international trade Agency. At the same time, the supervision commission was set up to maintain the creditability of the market, which was jointly established by Ningbo Administrative Commission, Ningbo Customs, Ningbo Entry-Exit Inspection and Quarantine Bureau, Ningbo Administration of Industry and Commerce as well as some representative companies.
At present, NFTZ has become the largest professional physical market of wine importation in China. It has attracted over 180 member companies and imported over 3000 kinds of wines all over the world. In 2010, the total volume of imported wine in NFTZ reached 4.888 million liters. During the first ten months of this year, it reached 6.694 million liters, up 79.3% over the same period last year. The total volume of the whole year is predicted to exceed 10 million liters

Online Shopping Gets Brisk on Day "Double 11"

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Category: Ningbo Business

Published: Tuesday, 22 November 2011 09:08

The eye-catching online shopping carnival in Taobao Mall on Singles Day (November 11,2011) ended at the midnight of the day. According to the official announcement released by Taobao Mall on November 13, the online shopping carnival secured orders worth CNY 3.36 billion during a single day of Nov. 11. Of all provinces, Zhejiang Province got the first place with 415 million CNY in sales revenue, and Jiangsu and Guangdong followed in second and third places respectively. Of all cities, Shanghai took the first place with 206 million CNY in sales revenue, and Beijing, Hangzhou and Chengdu followed in second, third and fourth places respectively. Ningbo took the fifth place with 73.06 million CNY.

Besides people’s huge purchasing power, Ningbo merchants also made big sales by means of online shopping and took the first and third places in sales revenue made during a single day. It is learned that on the “Singles Day”, three brand shops made the biggest sales, topping 40 million CNY, two of which were GXG and Beyond Textile of Ningbo.

The success of online shopping carnival showed that online shopping is becoming a new engineer to stimulate the domestic demand. On Singles Day, the sales revenue generated by Taobao Mall on Nov 11 was 936 million CNY, this recorded sales was nearly four times of that in 2010. Though Ningbo took the fifth place in all cities, it was the only non-capital city. The president of Taobao Mall Zhang Yong analyzed that a series of figures showed that the domestic demand had a rising momentum and again showed that e-business had become new powerhouse in boosting domestic demand and the consumption economy. It is learned that the sales revenue in 2010 reached 513.1 billion CNY, with an increase of 97.3% year-on-year and accounting for 3% of the total volume of retail sales.

At the same time, network marketing is also becoming a new transformational channel of the small-, medium- and micro-sized enterprises. According to the Opinions on E-business Development issued by the Ministry of Commerce several days ago, by 2015, the proportion of enterprises above designated size using e-business will reach over 80%, and the proportion of online retail sales will reach over 9% of the social retail sales. So the potential incremental market will be favored by the traditional enterprises. Many enterprises have transformed into selling goods in both real and online stores. Some enterprises, whether authorized as flag shops or franchised stores, have joined in Taobao Mall or other online retail platforms. For example, in this Taobao Mall online shopping carnival most of 2000 enterprises are small-, medium- and micro-sized enterprises. Two of the three brand shops with 40 million CNY in retail sales are “Amphibious Stars” who have both real and online stores