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4 Ningbo places recognized for investment competitiveness

chinadaily.com.cn| Updated:  December 5, 2022 L M S

All of Ningbo's four county-level areas made the 2022 list of the top 100 counties in terms of investment competitiveness in China, according to a recent report.

The report, which was compiled by CCID Consulting, a firm affiliated with a think tank under the Ministry of Industry and Information Technology, involved 1,864 county-level administrative regions in China.

It evaluated their investment competitiveness based on aspects such as government service, investment vitality, infrastructure construction and ecological conservation.

Cixi, a county-level city in Ningbo, was ranked second on the list, a spot higher than the previous year, while the county-level city of Yuyao, Xiangshan county and Ninghai county came in 9th, 37th and 48th respectively.

The listing of all of the four county-level areas under Ningbo's jurisdictions reflects the city's rising investment competitiveness and continuous optimization in business environment, according to the report.

Cixi's manufacturing investment and industrial investment grew by 35 percent and 34.2 percent respectively in the first three quarters of this year, official statistics show.

Over the same period, Yuyao's gross domestic product (GDP) amounted to 109.57 billion yuan ($15.65 billion), up 1.8 percent year-on-year. The city's valid investment from January to June registered a yearly uptick of 15.2 percent, 4.8 percentage points higher than the municipal average.

A total of 27 counties or county-level cities from Zhejiang made the list, followed by Jiangsu and Shandong, with the combined number from the three provinces accounting for more than half of the nation's total.

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