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Ningbo marks decade of accomplishments

chinadaily.com.cn| Updated: August 24, 2022 L M S


Ningbo authorities hold a news conference to share the city's accomplishments since the 18th CPC National Congress in 2012. [Photo provided to chinadaily.com.cn]

Ningbo in East China's Zhejiang province has achieved remarkable accomplishments since the 18th CPC National Congress in 2012, authorities announced at a recent news conference.

According to Mayor Tang Feifan, the city has been continuously promoting opening-up and had established trade links with over 220 countries and regions over the past decade.

In 2021, imports and exports at Ningbo ports amounted to 2.05 trillion yuan ($315.38 billion), up 61 percent compared with 2012. The city's foreign trade volume also rose by 91 percent to 1.19 trillion yuan, accounting for 3.05 percent of the nation's total and 0.55 percentage points higher than 2012.

Ningbo's business climate has been greatly improved over the past 10 years. The city was honored as a national model city for business climate in 2020 and 2021.

The optimized business climate has bolstered market vitality and increased the city's attractiveness to foreign investors.

Official statistics show that the number of market entities registered in Ningbo surged from 499,000 in 2012 to about 1.21 million in 2021. During the same period, foreign capital worth $64.2 billion was introduced to the city.

Ningbo has also sustained its efforts in boosting the development of the manufacturing sector.

In 2021, the city was ranked sixth nationwide in term of manufacturing prowess. Its industrial value added amounted to 629.8 billion yuan, ranking seventh in China. The output value of more than 10,000 industrial enterprises above designated size in the city surpassed 2 trillion yuan, according to Tang.

The business of Ningbo Zhoushan Port has been growing steadily over the past decade.

To date, the port has opened over 300 shipping routes, with its cargo throughput topping the global rankings for 13 years in a row. Its container throughput was ranked third in the world for four consecutive years.

Ningbo Zhoushan Port Group, the port's operator, is the first company from Zhejiang to win the China Quality Award (CQA), the highest honor in the field of quality management in China. 

From January to July, Ningbo Zhoushan Port handled 20.76 million TEUs, achieving anti-recession growth of 11.1 percent year-on-year and providing strong support for stable economic growth in the nation.

Peng Jiaxue, Party chief of Ningbo, has urged the city to improve its innovation capability, promote reform and opening up, optimize city construction, and boost the realization of common prosperity in the coming years.