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Enterprises encouraged to attend China Fair Jordon

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Category: Governmental News
Published: Monday, 18 June 2012 09:22

News from Ningbo Foreign Trade and Economic Cooperation Bureau said that Ningbo authority was organizing enterprises to attend China Fair Jordon (2012). China Fair Jordon, well-known as the Canton Fair in Middle East, is highly-supported by Ningbo government.  
“Markets in Middle East countries like Jordon, Iraq, Israel and Saudi Arabia have high paying ability and huge business opportunities in reconstruction market, which has a potential of over one hundred bln dollars. “Ningbo enterprises could take this opportunity to explore overseas markets and build up business relationships with Jordan and other Middle Eastern countries”, said a related person from Ningbo Foreign Trade and Economic Cooperation Bureau. 
Ningbo Foreign Trade and Economic Cooperation Bureau will continuously to give full support to the fair of this year and will give rewards to those enterprises that apply to attend the fair. This motive will lower the cost of enterprises to explore international markets especially emerging markets in such Middle Eastern countries as Iraq and Lebanon. The latter market has purchasing power of one hundred bln dollars. 
It is learned that China Fair Jordon has successfully been held for eight sessions, attracting 17,244 experts from 37 Middle Eastern countries and reaching a gross turnover of 131,760,000 dollars. The ninth edition will be held in June and will be divided into two phases. The total exhibiting area will be 24,000 square meters holding 800 booths. It will be the largest edition ever and the largest one in Jordon and its surrounding countries, predominantly attracting visitors from the Middle Eastern counties including Lebanon, Iraq, Egypt, Syria, Israel and Saudi Arabia and so on.

20 contracts signed for foreign investment

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Category: Governmental News
Published: Monday, 18 June 2012 09:21

The signing ceremony of key foreign investment projects in Ningbo, a sub-activity of the 14th China Zhejiang Investment & Trade Symposium (ZJITS), was held in June 9. Twenty contracts with a sum of foreign investment of 1.02 bln US dollars were signed on the spot. Many high officials attended the signing ceremony, including Shou Yongnian, a member of Ningbo Municipal Standing Committee of CPC, Liu Haiquan and Hong Jiaxiang, deputy mayors of Ningbo, Shi Xiaoguo, Deputy Director of the Standing Committee of Ningbo Municipal People's Congress, and Jiang Jianwei, Vice Chairman of the CPPCC Ningbo Municipal Committee. 
The investments mainly go into such areas as agriculture, chemical industry, new energies, infrastructure, photoelectricity, machine-building industry and real estate sector, with its sources from countries like France, Japan, Singapore and Thailand as well as HK and Taiwan areas. To be specific, Chia Tai Group from Thailand agreed to invest 130 mln US dollars in Hangzhou Bay Area in Cixi to raise three mln hens for providing eggs. And moreover, TOTAL from France, one of the World’s Top 500 companies, also intended to invest a polystyrene project in Ningbo Petrochemical Economic & Technological Development Zone, and upon its finish of construction, it can yield 200,000 tons of high-grade PS a year

Central and Western Regions Industry Partnership Symposium Held

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Category: Governmental News
Published: Tuesday, 12 June 2012 09:27

The 2012 ZJITS Central and Western Regions Industry Partnership Symposium was held at Nanyuan Hotel on the morning of June 9. Representatives from Naqu County of Tibet, Aqsu City of Xinjiang and the first agricultural development division of Xinjiang Production and Construction Corps made the introductions on investment environment and projects. Zhejiang Province signed 31 project contracts with the places above at the symposium.
Huang Sanpin, Ma Xiangcun, Qiu Dongyao, Chen Yijun and Gao Kepin attended the meeting.
Naqu, known as the treasure bowl of Qinghai-Tibet Plateau, is rich in resources of livestock, minerals, herbs and tourism as well as hydropower, wind and solar energy. Aqsu abounds not only in high-quality fruits and cotton, but also in petroleum and natural gas, accounting for 80% and 90% of the total amount in Tarim Basin respectively. The contracts are mainly focused on the exploration of the resources.
At the meeting, the nominal ceremony for the first direct supply store of the Kuche County and the office of the county government was held. It is learned that the store is located in Cixi and several branches will be opened in Ningbo in the second half of 2012

Ningbo's trade volume with EU up slightly in Jan-April, 2012

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Category: Governmental News
Published: Wednesday, 13 June 2012 09:05

The European Union is still the largest trade partner of Ningbo even though some European countries are facing a sovereign debt crisis.

According to Ningbo Customs, the trade volume in the first four months of 2012 between Ningbo and the EU reached US$6.21 billion, with US$1.29 billion imports, up 22.6% year on year, and US$4.92 billion exports, down slightly year on year.

During this period, the trade volume between private enterprises in Ningbo and the EU reached US$3.59 billion, up 6.2% year on year, and accounting for 57.8% of total trade volume to the EU.

The figures include US$730 million imports, up 35.6%, and US$2.86 billion exports, up 0.6% year on year.

The main imports from the EU were scrap metals and mechanical and electrical products, amongst which scrap metals reached US$530 million, and mechanical and electrical products hit US$340 million.

Meanwhile, exports to the EU were mainly labour-intensive products, including US$820 million textiles, US$270 million lamps and lanterns, US$240 million appliances, and US$200 million furniture.

SOURCE: WON Team

Fiscal revenue reaching 71.9 billion yuan

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Category: Governmental News
Published: Tuesday, 12 June 2012 09:22

According to the latest statistics from Ningbo Municipal Bureau of Finance, the total fiscal revenue of the first five months reaches 71.9 billion yuan, up by 4.9% over the same period last year. The general fiscal budget expenditure stands at 28.42 billion yuan, up by 16.1% over the same period last year.

In May, Ningbo's general budget revenue reached 11.96 billion yuan, up by 7.4% over the same period last year. To be specific, the local fiscal revenue was 5.19 billion yuan, down by 1.3%, and the central fiscal revenue was 6.77 billion yuan, up by 15.2%. Ningbo's general fiscal budget expenditure in May was 5.85 billion yuan, down by 2.8% over the same period last year.

In terms of export tax rebate, in May, Ningbo actually accomplished an export rebate of 5.34 billion yuan, up by 68.4%. While in the first five months, the realized export tax rebate reached 23.79 billion yuan, up by 29.6%

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