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Ningbo Chamber of Commerce Founded in Yanbian

Recently, Ningbo has established its chamber of commerce in Yanbian Korean Autonomous Prefecture, Jilin Province, the city’s partner in east-west poverty relief work. The first batch of members exceeds 300 people.

It is reported that Ningbo entrepreneurs have been persistently active in Yanbian. Since Ningbo has developed poverty relief partnership with Yanbian, a growing number of Ningbo businessmen start up businesses in the city, majorly covering such areas as finance, real estate, mining, trade, catering, water supply and heating installments and constitution materials. The chamber is established to provide a platform for entrepreneurs in the two city to exchange views and share information resources so as to achieve win-win poverty relief cooperation with better integrated existing resources and consorted efforts.

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Implementing plan for economic and trade cooperation demonstration zone released

Ningbo Municipal Government has recently released the "implementing plan for the construction of '16+1' economic and trade cooperation demonstration zone in Ningbo". (16 here refers to the 16 CEEC countries, and 1 refers to China)

According to the plan, in the following three years, Ningbo will aim to built it an ideal destination for introducing products from CEEC countries, and conducting the bilateral investment cooperation and cultural exchange between China and CEEC countries. Focus will be put on the construction of the three platforms of China-CEEC Investment and Trade Expo, China-CEEC National Testing Zone for Trade Facilitation, and Sofia Chinese Cultural Center. The six demonstration projects will be launched, including trade promotion, investment cooperation, mechanism cooperation, interconnection and interworking, public services and cultural exchange. Meanwhile, the 20 major tasks for the program include the construction of the CEEC goods distribution and sales system, the construction of the mechanism for introducing and cultivating large-scale importers, the exploration of the cooperative mechanism in emerging fields, the cross-border e-commerce cooperation with CEEC countries, as well as the virtual or real public platforms for the "16+1" economic and trade cooperation.

Reportedly, in 2017, the import volume of Ningbo from the CEEC countries stood at 2.54 billion yuan, up by 78.4% over the previous year, while the export volume, 17.25 billion yuan, up by 21.6%.

According to the plan, by 2020, Ningbo will achieve a total import and export volume of US$4.5 billion with the CEEC countries, with the annual growth rate of 15%, accounting for 5% of the total of the country, ranking Ningbo among the top three of the domestic cities. And the import volume will double


Cross-border e-commerce brisk in Ningbo

With the implementation of the new policies over the past two years, Ningbo has witnessed great development of cross-border e-commerce. According to the statistics released recently by Ningbo Customs, over the past two years, the customs has approved 84.61 million cross-border e-commerce import declarations, with the total value of about 15 billion yuan, achieving the annual growth rates of 70.5% and 56.24% respectively. The cross-border e-commerce platforms cover over 3000 kinds of goods, attracting over 30 million consumers.

The e-commerce enterprises have benefited a lot. "With the beneficial policies, our company has developed well. Last year, the number of import declaration orders reached 4.7 million, with the transaction volume of 1.1 billion yuan, up by 110% and 140% respectively." said Fang Lv, Warehouse Manager of Yongyou Trade Co. Ltd. at Ningbo Bonded Zone. The new policies help to facilitate the operations of the businesses at the bonded zone. For instance, during the transitional period of the new policies, such documents as the customs clearance forms can be omitted for the stocking up of the platforms, which has improved the range of goods and efficiency of clearance, and shorted the logistics cycle.

For further convenience, Ningbo Customs and other related supervision departments have established the new supervision models in line with the new policies. "We now use the X-ray automatic supervising equipment, which have such functions as automatic weighing, X-ray picturing, comparing of single goods on the same screen, and sorting. As for the general cross-border packages, the clearance time has shortened from several minutes to only 20 seconds, improving the customs clearance speed by over 80%." said a person in charge from Ningbo Customs.

So far, six bonded areas in Ningbo has launched the cross-border e-commerce business in the models of online shopping bonded import, direct shopping import and general import, including Ningbo Bonded Zone, Ningbo Lishe Airport, Ningbo Lishe Bonded Logistics Center, Meishan Bonded Port, Cixi Export Processing Zone and Ningbo International Mail Exchange Bureau. The multi-venue coordinated business model has been developed instead of the original single online shopping bonded import model at Ningbo Bonded Zone.

As is reported, there have been over 920 pilot enterprises for cross-border e-commerce in Ningbo


Belt hook exhibition held at China Port Museum

A special exhibition for ancient belt hooks kicked off at China Port Museum on April 21, where over 400 pieces of belt hooks are on display to show the exquisite life of the ancient people and the cultural elements in life. This is the first exhibition of its kind in China with the theme of belt hooks.

Belt hooks are the hooks used for holding the belts by aristocrats, scholars and warriors of ancient China, also known as "Xibi" (especially golden belt hooks). They first appeared during the Liangzhu Culture period about 4000 years ago, became popular during the Spring and Autumn Period, and were replaced by belt buckles after the Han and Jin Dynasties. Belt hooks are the symbols for aristocracy and dignity in ancient China, as well as manifestation of the Chinese culture.

In addition to some collections of the port museum, a large majority of the exhibition are from the Guangyi Cultural Agency. The exhibition, an important move in the cooperation with private resources by China Port Museum, is sure to play a positive role in protecting, researching, publicizing and inheriting the distinctive culture of the Chinese nation and exploring the civil resources. The exhibition, open to the citizens for free, will last until July 2.


Four Technological Institutions Settle in Ningbo Hangzhou Bay New Zone

The Park of Quality Supervision & Public Technology Service in Ningbo Hangzhou Bay New Zone has recently been put into use. Four technological institutions of Ningbo Municipal Administration of Quality and Technology Supervision have settled in the park, which are the Inspection Station of Hangzhou Bay New Zone affiliated to Ningbo Special Equipment Inspection & Research Institute, Zhejiang Lighting Products Quality Inspection Center, the  Geometrical Measurement Lab of Hangzhou Bay New Zone affiliated to Ningbo Municipal Institute of Metrology and Ningbo Municipal Institute of Standardization branch in Hangzhou Bay New Zone. They all provide technical support for the industrial transformation and upgrading of Hangzhou Bay New Zone. 
Hangzhou Bay New Zone, a manufacturing center of regional automobiles and their spare parts, and a national production base of seal elements, has obvious advantages in such industries as general aviation, the intellectual electric apparatus, new material, the biotech and the high-end equipments. It is a home to around 8000 sets regional special equipments, boasting huge potential of development.

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