Copyright 2024 - Ningbo Life / Ningbo Expat

Preferential policy for smart logistics issued

Ningbo Government has issued interim measures for the management of subsidies in supporting the development of the smart logistics industry in Ningbo. According to the interim measures, the finance bureau will allocate 20 mln yuan to 30 mln yuan per annum in the next two years for the construction of smart logistics.
  It is learned that the subsidies will be mainly used on the following aspects, first is on the demo application projects of smart logistics; second the construction of public platform; third the demo enterprises applying the public platform; fourth the personnel training projects, holding of large activities, and research programs as well as other big projects related to smart logistics.   
  Enterprises applied for subsidies must meet the following requirements: first is that they must be registered companies with independent legal personalities in Ningbo; second is that their total taxes (including business taxes, VAT, business income taxes etc) should be over 500,000 yuan. This is not for operational companies of smart logistics public platforms. Third is that there are no nagative records concerning such aspects as security, environment protection, hygiene, paying taxes, credit, quality and intellectual property rights etc over the last two years.   
  To be specific, companies applied for subsidies to demo application projects of smart logistics should have a construction period of less than two years and a total investment of more than one mln yuan, both for projects to be completed within a year and projects under construction. As for the qualified demo application projects, Ningbo will grant a subsidy of no more than 25 percent of the actual amount of investment, a maximum grant of 1.5 million yuan to each project. 
  Companies applied for subsidies to the construction of public platform should be of a certain size and strength, and the completion of the construction should also be less than two years. The investment for projects to be completed within a year should be no less than three mln yuan, and investment for projects under construction more than one mln yuan. As for qualified projects for the construction of public platform, Ningbo will give a subsidy equaling 30 percent of the actual investment, a maximum of 2.5 mln yuan to each project.       
  Companies applied for subsidies to the application of public platforms should keep communicating with the key public platforms. They are also required to spend no less than 10,000 yuan per year improving systems and paying for the services provided by platforms. Correspondingly, the government will grant them subsidies of no more than 30 percent of their expenditures. 
Qualified companies will be given priority if their information systems conform to Ningbo’s fourth party logistics. Subsidies given to the same company should be no more than three times. If the project has huge investment, big social influence and good prospect, the government will consider making a special policy to cater for its development. 

Ningbo Enterprises Scored Orders of US$ 900 million at Canton Fair

The first phase of the 112th Session of the Canton Fair was closed on October 19. News came from the municipal Bureau of Foreign Trade & Economic Cooperation that Ningbo trading group won a total of 900 million US dollars’ orders, ranking the forefront of the achievement list.

It was learned that products exhibited in the fair ranges from electronics, household appliances, lightings, vehicles and accessories to hardware and tools. Among them, Ningbo enterprises were famous for its export of household appliances and electronics.

In recent years, Ningbo enterprises faced a severe situation of sluggish oversea demand, appreciation of the RMB and protectionism. However, some Ningbo enterprises still made outstanding performances by accurately seizing purchaser’s demand, especially for some high-tech and energy-saving products. Special promotion and introduction shows given by some Ningbo enterprises have attracted the purchasers’ strong interest.

According to statistics, even with a smaller share than before, traditional markets including the EU and US were still the largest purchasers. However, the emerging markets including Russia, Brazil, India, Ukraine and South Africa offered a larger demand and orders from these areas increased significantly. 

Ningbo's CPI rose 1.4 pct in September

Ningbo Survey Team of the National Bureau of Statistics (NBS) announced on Tuesday that Ningbo's consumer price index (CPI) rose 1.4 percent in September over the same period last year, flat the provincial average, and 0.5 percentage points lower than the national average. The price of consumer goods went up by 1.2 percent and the price of services grew by 2.0 percent.

The NBS data indicates that carryover effect brought by the policy of free tuition for secondary vocational education disappeared. Among the eight categories of commodities which are used to weigh CPI, prices for entertainment, educational products and services start to rise after kept falling in the previous months. Food prices picked up 2.2 percent. The prices of tobacco and liquor rose 2.4 percent. The price of clothing rose 1.4 percent. The household equipment and maintenance services prices rose 2.3 percent. The prices of health care and personal products increased 0 .5 percent. The prices of entertainment and educational products and services rose 0.5 percent, and the housing prices rose 1.9 percent. The price of transport and communication remain the downtrend by declining 0.1 percent.

Ningbo to built 120 rural public service centers

Ningbo pledges to build 120 rural public service centers in the next three years, according to a recent statement issued by the Municipal Government Office. With fixed official space, advanced facilities, and well-qualified staffs, these public service centers serve to offer first-class public services. According to the plan, 40 of them will be built to meet the standards of a demonstration public center.

According to the statement, the public service center of every general township is required to employ an agricultural technologist majoring in concerning fields including agriculture, forestry, animal husbandry, fisheries, agricultural machinery, agricultural products quality and safety, and animal epidemic prevention. Both the municipal and local governments are encouraging college graduates to work in rural public service centers by giving subsides. Those qualified college graduates who have worked in rural public service centers for 3 years or more in the recruitment may be employed by larger agricultural public institutions with priority. Local government shall pay for the construction of public service center, but the municipal government will grant rewards up to 200,000 yuan to demonstration centers and 50,000 yuan to general centers.

Canada seeking investors from Ningbo

A delegation from Canada's British Columbia, a westernmost province of Canada, visited Ningbo this Tuesday. In an investment seminar with local authorities, they expressed their welcome to nearly a hundred local entrepreneurs. "We welcome Ningbo entrepreneurs to run factories, open restaurants, or buy local hotels or wineries in British Columbia," said the leader of the Canadian Delegation.

During a meeting with local entrepreneurs, representatives from the British Columbia introduced their investment environment and quality projects. In addition to mining, forestry, wineries and other key industries, they also provide services concerning the immigration plan, real estate development, investment policies and regulations, and supporting financial services.

British Columbia is the westernmost of Canada's provinces, and the nearest province to China. Statistics from the Municipal Foreign Trade Bureau show that Ningbo companies have been expanding their overseas investment from traditional trade and logistics to emerging fields including resources development, new energy, eco-development, R & D and manufacturing.

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