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    Ningbo Economy (Hits:)

    Ningbo is an important industrial base in Zhejiang Province and also a major production base of grain, cotton, edible oil and aquatic products in China. A comprehensive industrial setup has come into being with light and textile, garments, machinery as its traditional mainstay, and large-scale harbour-based industries represented by petrochemicals, iron & steel, power generation and paper-making etc. By February 2005, the national revenue system of Ningbo has netted 220.5 million yuan in tax revenues, exclusive of the taxes collected by the Customs on its behalf, up 14.9% from the same period last year. All these figures show that Ningbo is now in the lead in its opening to the outside world.

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