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Category: Governmental News
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Published: Monday, 22 November 2021 13:12
"Obviously, Ningbo's foreign investment attraction has accelerated on the basis of the general ‘exceeding expectations’ across the country." With the latest data approved by the Ministry of Commerce, the relevant person in charge of the Municipal Bureau of Commerce said excitedly. Yesterday, the Ministry of Commerce held an online press conference. In the first ten months of this year, the effectiveness of my country's absorption of foreign investment exceeded expectations. According to the statistics of the Ministry of Commerce, in the same period, Ningbo actually utilized US$3.08 billion of foreign capital, a year-on-year increase of 34%, which was 10.6 and 16.3 percentage points higher than the national and provincial levels respectively.
As a national open-up "excellent student", Ningbo is steadily increasing the scale and quality of foreign investment, contributing Ningbo's strength to the overall situation of opening up. In the first ten months, the contractual foreign capital of foreign-funded enterprises in the city increased by 2.89 billion U.S. dollars, 3.1 times that of the same period last year. Among them, the contractual foreign investment of Ningbo Zhongfang Group Co., Ltd. increased from US$304 million to US$608 million, the contractual foreign investment of Zhejiang Jikrypton Intelligent Technology Co., Ltd. increased from US$50 million to US$310 million, and the contractual foreign investment of Ningbo Junlian Zhixing Technology Co., Ltd. 28.98 million U.S. dollars increased to 140 million U.S. dollars.
Read more: Ningbo "Acceleration" in Attracting...
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Category: Governmental News
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Published: Monday, 22 November 2021 13:01
On November 7, the Singapore Zhejiang Entrepreneur Association joined hands with dozens of affiliated organizations in the nine ASEAN countries to simultaneously hold the Zhejiang Entrepreneur Singapore Conference in Singapore and Ningbo both online and offline. At the Ningbo conference, the Singapore Zhejiang Entrepreneur (Ningbo) Digital Industrial Park was established, and 6 companies officially announced their entry, opening a new chapter in the digital technology cooperation between the two places.
It is learned that this park is a joint venture between Ningbo Ningxing International Trade Investment Co., Ltd. and Singapore Holicheng Co., Ltd. The first batch of companies to settle in are from Beijing, Shenzhen, Suzhou, Hangzhou and other cities, and the business scope covers new energy, integrated circuits, etc.
What role will this digital industrial park jointly built by Chinese and Singaporean companies play? Li Guosheng, chairman of the General Association of Singapore Zhejiang Entrepreneurs and a native of Ningbo Yuyao, told that the park will attract more digital technology companies with leading technologies and promising capital from around the world to help them connect with venture capital institutions, find talents, and expand the market. At present, 260 domestic enterprises and 50 Singaporean enterprises have been listed in the investment database of the park.
Read more: Singapore Zhejiang Entrepreneurs...