Ningbo lies in the south of the Yangtze River Delta and faces the East China Sea to the east. It covers an area of 9,816 sq.km and has a population of 9.61 million. Converted at the prevailing average annual exchange rate, Ningbo’s GDP in 2022 reached US$224.34 billion, ranking 12th among all Chinese cities. The per capita GDP stood at US$24,460 while the fisical revenue was US$47.98 billion. Nowadays, Ningbo has become an important foreign trade port in China, an economic center and an advanced manufacturing base in the south wing of the Yangtze River Delta. 

Ningbo has been a major city with an open economy ever since it became one of the first coastal cities in China to open to the outside world. The Ningbo-Zhoushan Port is the world’s largest port in terms of cargo throughput. It handled 1.26 billion tons of cargo in 2022 with a total of 300 shipping routes including 144 ocean-going main routes to date. In 2022, the port handled 1.452 million TEUS of sea-rail intermodal transport, representing a significant annual growth of 20.6%. 

Germany and Ningbo are partners of development for a long time. By the end of 2022, there were in total 299 German-invested enterprises in Ningbo, with an overall investment of US$6.15billion. Germany is the European country that has invested most in Ningbo. Fortune 500 enterprises such as Demag, Bosch, Volkswagen, Linde Gas and Daimler have investment projects in Ningbo. 

Ningbo has vigorously promoted reforms to create a stable, fair and transparent business environment. It continues to introduce preferential policies to encourage the development of key industries, attract talents, and provide superior public services, whose overall satisfaction is among the highest in the country. The city also continues to improve the intellectual property rights protection system, enhance law enforcement efforts to better protect the rights of enterprises. Last year, Ningbo ranked 5th among the top in business environment satisfaction in the country. 

We sincerely invite German entrepreneurs and investors to come to Ningbo and explore new potentials, opening up a new field of bilateral cooperation.  

The Ningbo Investment Promotion Agency is a government service organization responsible for domestic and foreign investment promotion. We provide “one-stop” professional investment advisory services for German enterprises to invest in Ningbo.