China-Italy (Ningbo) Ecological Park, situated in Binhai new city in Yuyao, a county-level city of Ningbo, is the only national level international cooperation ecological park in Zhejiang province.

The park, with a total planned area of 40 square kilometers, was officially established on Oct 15, 2014, when Italian Prime Minister Matteo Renzi and Chinese Premier Li Keqiang visited the park site.

In April, 2015, the Ningbo municipal government issued guidelines to accelerate the construction of the park. In July of the same year, the Zhejiang provincial government approved the establishment of the administrative committee of China-Italy (Ningbo) Ecological Park.

The park primarily consists of five industrial bases and a science and technology city, covering sectors such as new energy vehicles, new materials, health, general aviation, energy conservation and environmental protection.

With its strong economy, ease of access, and modern infrastructure, the industrial park has a competitive advantage in attracting foreign investment projects.

At present, the park accommodates a number of well-known enterprises from home and abroad, including Zhejiang Geely Holding Group, Jing-Jin Electric (Beijing) Co Ltd and Martinrea (Shanghai) Co Ltd.

In partnership with Tus-Holdings Co Ltd, the park is also developing its R&D economy by promoting the integration of finance, professionals, technologies and industries.

Official data shows that the park's industrial output reached 13.96 billion yuan ($2.02 billion) in 2018, a yearly uptick of 75.2 percent. It epitomizes the city's opening-up and increasing international industrial cooperation.

By 2022, the park aims to introduce another 80 enterprises, increasing its industrial output to 50 billion yuan.