Ningbo's imports soar 50pc in January and February

IN the first two months of the year, Ningbo customs posted a trade value of US$27.7 billion with imports growing 49.7 per cent to US$11.3 billion in value, Xinhua reports.


The customs' trade value has overtaken Tianjin to become the sixth largest in China, rising from the seventh in 2010. Its import value ranked the seventh in China while export value, which is $16.4 billion, ranked the fifth.


Companies from outside the city contributed $16.8 billion's trade value to the customs during this period, taking up 60.6 per cent of the total. In such companies, those from inside the Zhejiang province contributed $9.1 billion and those from outside the province accounted for $7.7 billion.
(Source:http://www.schednet.com)