Ningbo Bonded Logistics Zone
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Facts & Figures (2010)
| Rating |
BB |
| Year of Establishment |
2004 |
| Land Area |
0.95 km2 |
| Location |
Beilun District, Ningbo, Zhejiang Province |
| GDP |
N.A. |
| FDI |
US$110 million (cumulative, 2008) |
| Utilized FDI |
N.A. |
| Major Investors |
DHL, Yongor, Formosa, OOCL, Watts, Qimei, Gigabyte |
| Major Industries Encouraged |
Warehousing, Logistics |
| Source of Facts & Figures |
Source: Administrative Committee of Ningbo Bonded Logistics Zone |
| Introduction |
Ningbo Bonded Logistics Zone, with a planned area of 0.95 sq km, was set up upon the approval of the State Council in 2004. The zone, located within the Ningbo Economic and Technical Development Zone, is adjacent to the Ningbo Free Trade Zone and the Ningbo Export Processing Zone.
It lies behind Phase IV of the Ningbo-Zhoushan port, which was the fourth-largest port in China in terms of container throughput in 2008, and is situated to the south of Beilun Harbor of Ningbo-Zhoushan Port, bordered by Hangzhou Bay to the north and Taizhou to the south. The Shanghai-Hangzhou-Ningbo Highway runs directly from this development zone. The zone is a three-hour drive from Shanghai and a 90-minute drive from Hangzhou. Beilun Railway connects this area with the national railway network through the Xiaoshan-Ningbo Railway, the Shanghai-Hangzhou Railway and the Zheliang-Jiangxi Railway. |
| Investment Climate |
Ningbo Bonded Logistics Zone enjoys exemptions from duties, bonded duties and license fees, as do Ningbo Free Trade Zone and Ningbo Export Processing Zone. It also has special policies in place to allow enterprises to claim taxes for their goods after customs clearance.
Warehousing and logistics-related indus-tries are encouraged in this zone. The zone’s functions include international transferring, international distribution, international and domestic purchasing and simple circulation processing.
By the end of 2008, 22 firms, including Watts from the U.S., OOCL from Hong Kong, DHL from Germany and Formosa from Taiwan, had started doing business via the logistics zone for the sake of cost reduction. Total foreign investment had reached US$110 million by the end of 2008. |
| Winning Edge and Limitation |
Winning Edge
- The zone is close to China’s fourth-largest port by container throughput
- It shares resources with Ningbo Export Processing Zone and Ningbo Free Trade Area and enjoys the same special preferential policies
- It earned an ISO 14001 environmental management certificate
Limitation
- Not much land is available in the zone
- Labor costs are higher than in inland cities
- Energy and mineral resources are scarce
- Export-oriented enterprises are vulnerable to changes in the global economy and exchange rates
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| The Administration Committee |
Address: Fl.15 Free Trade Zone Mansion, Beilun, Ningbo, Zhejiang, P.R. China 315800
Tel: 0086 574 8688970
Fax: 0086 574 86881500
Website: www.nftz.com |
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