Ningbo is located at the middle part of China's coastline and south flank of the Yangtze River Delta, bordering on Shanghai and Hangzhou.
Ningbo is one of the cities opening up to the outside world, an independently planning-city enjoying the same rights as those of a provincial government in economic management, "a large city" entitled to formulate local laws and regulations, and a famous historic city with rich cultural heritage. Ningbo port has become one of the important ports in China. Its cargo handling capacity reached 310 million tonnages in 2006, ranking second among the ports in the mainland of China, and its container handling capacity amounted to 7.062 million TEU.
Ningbo boasts a long history. It is the birthplace of the "Neolithic Hemudu Culture" dating back more than 7,000 years. Ningbo has been a well-known key port for foreign trade ever since ancient time. In 2007, the city GDP reached RMB 343.3 billion, the GDP per capita RMB 61,032 (US$8,026), the revenue RMB 72.39 billion .
In 2007, the self-oriented import and export trade volume of Ningbo amounted to US$ 56.5 billion, increasing by 33.9% as compared with 2006.The growth rate of exports stayed middling in China. In 2007, the actual foreign capital utilized in Ningbo reached US$ 2.51 billion. All these achievements have laid a solid foundation for further development of Ningbo's export-oriented economy.
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