Haishu District set up mutual-aid fund for SMEs

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Category: Governmental News

Published: Tuesday, 31 July 2012 08:20

Recently, Haishu Districtet has set up its first mutual-aid fund for small and medium-sized enterprises (SMEs). The fund raises 103 million yuan from 44 enterprises and it is aimed to provide lending services for them. The effort is supposed to ease the financial pressure of SMEs by "holding them together".

The Fund is initiated by Haishu Industrial & Commercial Industry Association in a bid to help its member companies who suffer cash-flow problems. Minsheng Bank serves as its financing platform. The first batch of benefiters are those member companies with the financing needs. The fund is used to provide financial guarantee for its members when applying for bank loans. Minsheng Bank will select those companies with good credit, and it might grant bank loans as high as 5 times of the total amount of mutual-aid fund.

Ningbo's GDP registers 7.1% growth in H1

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Category: Governmental News

Published: Tuesday, 24 July 2012 16:05

In the first half of this year, the gross domestic product (GDP) of Ningbo hit 296.75 billion yuan, a year-on-year increase of 7.1 percent calculating at comparable prices, said Tang Bosheng, spokesman of the Municipal Bureau of Statistics, in a press conference held by the Municipal Government Information Office last Friday.

Tang added that the GDP growth rate picked up 0.1 percentage points over the first quarter. It means the city's economy is beginning to show signs of stabilization, which is manifested by a slight rebound in industrial production, a month-on-month rise of fixed asset investment, and the steady growth of the urban and rural incomes.

In the first half of this year, the added value of city's large industries climbed to 100.72 billion yuan, a year-on-year growth of 1.5 percent calculating at comparable prices, which means the growth rate is 0.2 percentage points higher over the first five months. The new product output of large industries totaled 106.72 billion yuan, a year-on-year increase of 4.8 percent. Meanwhile, the industrial enterprises have shifted their sales strategy to the domestic market. In the first half year, the domestic sales of large industries hit 423.42 billion yuan, down 0.9 percent year-on-year. Over the same period, export registered a decline of 9.6 percent while the proportion of domestic sales increased to 78.2 percent.

Meanwhile, the fixed-asset investment continued its growth momentum in the first half of this year and further provided a boost to the city's economy. In the first half year, the city's fixed asset investment reached 144.89 billion yuan, a year-on-year increase of 33.6 percent. The growth rate is 13.5 percentage points higher than the same period last year. The city's non-public fixed asset investment rose 31 percent to 69.1 billion yuan in the first half year. The growth rate recorded 11.2 percent over the first quarter. With the city's effort to boost real

Read more: Ningbo's GDP registers 7.1% growth in H1

Ningbo, Busan strengthen cooperation of marine economy

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Category: Governmental News

Published: Tuesday, 24 July 2012 16:06

Last Friday, a delegation from the Municipal Government of Ningbo visited Busan, the southern port city of South Korea. Liu Qi, mayor of Ningbo, and Hur Nam-sik, mayor of Busan, signed a cooperation agreement in a bid to carry out marine economic exchanges.

According to the agreement, the two cities shall strengthen the mutual benefit cooperation in various fields of marine economy, participate in various programs held in the two cities, and encourage exchanges and cooperation on marine economy between the enterprises, research institutions, universities and other organizations of both sides. Besides, the two sides vow to explore and conduct research projects on marine economy. They plan set up a Marine Economic Research Center in the future.

Liu Qi gave a brief introduction of the economic and social development of Ningbo. He added that both Ningbo and Busan are important port cities in Northeast Asia. The two cities have many similarities in logistics, port industry, fisheries and other fields. As a leader in the field of port logistics and fisheries, Busan has many successful experiences and practices that Ningbo can learn from. He hopes the agreement could further promote and strengthen exchanges and cooperation between the two cities.

Hur Nam-sik, on behalf of the Busan city government and the citizens of Busan, warmly welcomed the visiting Ningbo delegation. He hoped that both sides would expand exchanges and cooperation in broader fields, and jointly promote the prosperity and development of the two cities.

Liu Qi also met with representatives from all sectors of Busan City, and visited the Busan City Planning Exhibition Hall.

Ningbo's new policy to promote industrial economy

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Category: Governmental News

Published: Tuesday, 24 July 2012 15:58

At the meeting on industrial economy held on July 16, Ningbo released "Measures on Promoting Steady Growth, Structural Adjustment and Transformation of Industrial Economy", which, against the biggest problems and difficulties confronting enterprises, proposes a number of policies to promote the steady recovery and structural adjustment of industrial structure.

In order to strengthen valid industrial investment, the city shall integrate the existing policies and measures to guide enterprises to invest more in technological renovation. In the three years from 2012, the city each year will put aside 1 million yuan as special funds for small and micro enterprises to promote the concentrated development of these enterprises. It will strengthen the supervision of the industrial land use, uplift administrative efficiency and encourage investment in business in science and technology.

The key to the optimization of industrial structure is to support strategic emerging industries, build a perfect chain of competitive industries and nurture the high promising enterprises. From 2012 on, the city will set up a special fund for such enterprises. In five year, each year the city will give preferential policy support to a number of high promising technological enterprises to expand their production scale.

In 2012, the city will put aside 40 million yuan as special funds for scientific and technological projects to support the research and development institutions in enterprises. It will allocate a special fund of 30 million yuan for intellectual property rights, to support the enterprises advantageous for their independent intellectual property rights.