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NINGBO

NINGBO

Ningbo covers an area of 9,365 square kilometres (3,616 sq mi) and has a total coastline of 1,562 km (971 mi) including 788 km (490 mi) of mainland coastline and 774 km (481 mi) of island coastline. 

Climatic Features: sub-tropical monsoon climate featured with temperate and humid weather and four distinct seasons; frost-free of 230-240 days.
 
Average Temperature: 16.2 °C (61.2 °F); average high in summer is 32 °C (90 °F), in winter 9 °C (48 °F) 
Average Rainfall: 1,300 mm (51 in) – 1,400 mm (55 in) 

Ningbo is a very important economic hub and port city. A port city for foreign trade since the 7th century, Ningbo has since become a major exporter of consumer products, electrical products, textiles, food, and industrial tools.

The city formerly suffered from the fact that Hangzhou Bay stood between it and Shanghai, but this barrier was eliminated in late 2008 when a 33 km cross-sea bridge was completed, allowing travel to Shanghai in less than two hours.[7]

The bridge is already having an impact on the local economy, according to foreign business people in the city – property prices are rising dramatically. Industrial land is now twice that of similar land around Shanghai in 2006. It remains to be seen what economic action will be taken to correct soaring property values and whether the correction will be hard or soft.[8]

In 2007, Ningbo's economic activity reached USD 56.5 billion, up 33.9% from 2006. The exports totalled USD 38.26 billion, up 33% from the previous year. In addition, Ningbo imported USD 18.24 billion of goods, up 35.7% from the previous year.

Ningbo's economy grew 10.1 percent in 2008 to 396.4 billion yuan (US$57 billion). The city's per capita output was $10,079, more than three times the national average

Ningbo is a very important economic hub and port city. A port city for foreign trade since the 7th century, Ningbo has since become a major exporter of consumer products, electrical products, textiles, food, and industrial tools.

The city formerly suffered from the fact that Hangzhou Bay stood between it and Shanghai, but this barrier was eliminated in late 2008 when a 33 km cross-sea bridge was completed, allowing travel to Shanghai in less than two hours.[7]

The bridge is already having an impact on the local economy, according to foreign business people in the city – property prices are rising dramatically. Industrial land is now twice that of similar land around Shanghai in 2006. It remains to be seen what economic action will be taken to correct soaring property values and whether the correction will be hard or soft.[8]

In 2007, Ningbo's economic activity reached USD 56.5 billion, up 33.9% from 2006. The exports totalled USD 38.26 billion, up 33% from the previous year. In addition, Ningbo imported USD 18.24 billion of goods, up 35.7% from the previous year.

Ningbo's economy grew 10.1 percent in 2008 to 396.4 billion yuan (US$57 billion). The city's per capita output was $10,079, more than three times the national average.

Ningbo is not just an ordinary city – it has the same authority as provincial governments for economic administration – and has a port second only to Shanghai. Unlike Shanghai, the port is deepwater and capable of handling 300,000 tonne vessels. By 2007, cargo throughput will be 250m tonnes and container throughput 7m TEUs, and by 2010, 300m tonnes and 10m TEUs. With bulk container breakdowns, hugely improved logistics, and massive chemical and foodstuff, processing developments, Ningbo could yet win the race with Shanghai as port of choice for servicing the east coast.
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