freemexy: Ningbo High-Tech Zone to spend $73.8m annually for software development

Ningbo High-Tech Zone to spend $73.8m annually for software development


19 Feb 2019 at 09:16pm
Ningbo High-Tech Zone to spend $73.8m annually for software development


Ningbo Maker Space, an incubation center for startups in the Ningbo High-Tech Zone, Ningbo, East China's Zhejiang province.To get more Ningbo City news, you can visit shine news official website.

A new policy was recently released by the administrative committee of Ningbo High-Tech Zone to grant 500 million yuan ($73.8 million) every year for boosting the development of its Ningbo Software Park.

The policy, including 20 specific measures, covers every aspect of the development of the local software industry, from project landing, infrastructure building to talent and investment attraction.

The funds will mainly go to companies specializing in industrial software, industrial internet, cloud computing, the internet of things, big data, artificial intelligence, blockchain and integrated circuits.

Ningbo launched an initiative last year for building itself into a famous characteristic Chinese software city to contribute to the nation's "Made in China 2025" plan on promoting manufacturing.

As the Ningbo Software Park plays a key role in achieving that goal, Ningbo High-Tech Zone has organized seven promotional meetings at the park over the past year, attracting 132 companies to settle there, with a total registered capital of 3.9 billion yuan.

Nearly half of the companies focus on developing the new generation of information technologies and one third work on internet services, cloud computing, the internet of things, and big data applications.
The monthly container throughput in Ningbo-Zhoushan Port hit a record high in January, with 2.598 million twenty-foot equivalent units (TEUs) handled in the month, up 9.3 percent year on year.

In addition, the Chuanshan Port Area in Ningbo handled more than 1 million TEUs, becoming the first terminal in Ningbo-Zhoushan Port that has hit 1 million TEUs within a month.

Ningbo-Zhoushan Port has ranked first globally in cargo throughput for 10 consecutive years, and came among the world's top three in container throughput last year.

It had established 246 lanes to connect with more than 600 ports in over 190 countries and regions by the end of last year, and has become a hub for Southeast Asian countries to export goods to North America, Japan, South Korea and other countries and regions around the world.

Statistics show that among the 26.35 million TEUs that the port handled last year, 23.2 million were for exports or imports, and half of the 246 lanes are ocean-going ones.

To date, it has opened 13 rail-sea intermodal cargo routes in China, with its business covering 46 domestic cities, bringing a faster logistics speed. For example, cargo from Chongqing used to be sent to Shanghai by river before being exported to other countries, which takes nearly half a month. But now it can be sent to Ningbo-Zhoushan Port by rail, taking only 57 hours.

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