Located in Ningbo’s Beilun District, the Ningbo Economic and Technical Development Zone, one of China’s earliest (1984) and largest national development zones, currently covers an area of 29.6 square kilometers.
Among the 12,000 foreign enterprises present in Ningbo, about 1,400 are set up in the zone.
It is almost all things to all businesses — a bonded logistics zone, a free trade zone, an export processing zone and with the Ningbo Daxie island development zone located nearby.
Industries such as textiles and food processing, as well as automobiles, machinery and equipment manufacturing, have used the NETDZ as their preferred export base. In 2005 the GDP of the zone reached RMB23.40 billion while the total investment amounted to US$2.59 billion, and the contracted FDI was US$1.05 billion.
Now the NETDZ is placing more emphasis on the high-tech sector.
One of the main attractions is the port. Located in the middle of the Chinese coastline and facing the Pacific Ocean, Beilun Port hopes to use a unique geographic edge to become world famous. Its 18.2-meter water front depth can provide access for vessels of up to 250,000 tons fully loaded.
Source: China Briefing and Ningpo Life