Ningbo accelerates modern industrial system building

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Category: Ningbo Business

Published: Monday, 14 August 2023 14:48

Ningbo is taking practical measures to build a modern industrial system. The “action plan for accelerating the construction of the “361” billion-level industrial cluster in Ningbo (2023-2027)” was recently launched. Seven major actions will be taken to help Ningbo establish the green, new and high-end “361” billion-level industrial cluster system by 2027. The revenue of the industrial cluster system will reach 3.7 trillion yuan, and the proportion of industrial added value of Ningbo will improve to about 25% of that of the province. More than five national level industrial clusters will be cultivated.

Manufacturing industry is the foundation of the industrial development of Ningbo. As an effective way to promote the modernization of the industrial system, the cultivation of industrial clusters is an important lever to reshape the industrial pattern. Last year, Ningbo achieved an added value of 533.9 billion yuan for the above-scale industries, accounting for 24.4% of the total added value in the province, increasing its ranking in cities across the country from the 9th to the 7th. However, as the scale continues to grow, the scattered and inefficient

layout is no longer sustainable. The development of Ningbo’s industry urgently needs to move from dispersion to agglomeration, and from agglomeration to cluster.

According to the plan, Ningbo will implement seven major actions, including upgrading industrial platforms, tackling industrial investment challenges, strengthening enterprise, accelerating technological innovation, improving quality management, empowering digital integration, and cultivating future industries. The city will continuously consolidate and enhance advantageous industrial clusters, cultivate and strengthen characteristic industrial clusters, seize new tracks in emerging and future industries, comprehensively enhance industrial competitiveness, and improve the resilience and security level of the industrial chain and supply chain