The Ningbo Economic and Technological Development Zone was established in October 1984 with the approval of the Chinese government, with a total area of ​​29.6 square kilometers. It is one of the earliest and largest national development zones in China. Ranked among the top five in the national comprehensive evaluation of national development zones.
Ningbo Development Zone is located in the northeast of the mother city of Ningbo, at the back of Beilun Port, about 27 kilometers from the city center. After nearly 20 years of hard work, the development zone has already had a general framework for large-scale development and construction, forming a virtuous cycle of soft and hard investment environment, attracting investment from nearly 40 countries and regions. Some world-renowned multinational companies such as the US Esso , Samsonite, DOW Chemistry, Dupont, European BP, Hearst, Mannesmann, Yida Stationery, Japan Itochu, Mitsubishi, Mitsui, Hiroshi, Marubeni, Sumitomo, South Korea's Samsung, Indonesia's Golden Light and Thailand's Zhengda and many other international famous Enterprises have invested heavily in the establishment of enterprises, and have formed a modern industrial system of the port: electric power, chemical industry, stainless steel, shipbuilding, automobile, modern paper, electromechanical, textile, grain, oil, food, plastics, building materials and other industrial groups.
By the end of 2004, the district had approved 1,047 foreign-funded enterprises with a total investment of US$13.6 billion, contractual foreign investment of US$7.6 billion, and actual use of foreign capital of US$3.1 billion, including 244 large projects with more than US$10 million. Ningbo Development Zone has become the strategic focus and new economic growth point for Zhejiang and Ningbo to open to the outside world. Last year, it achieved a GDP of 16.5 billion yuan. In 2004, Ningbo Development Zone contracted foreign investment of 1.05 billion US dollars, the actual use of foreign capital of 580 million US dollars, in the province's 62 national and provincial development zones, contracted foreign investment accounted for 14.6%, the actual use of foreign capital accounted for 19%. For the sixth consecutive year, it ranked first in the comprehensive evaluation of development zones in Zhejiang Province, and it is also one of the five national development zones evaluated by the Ministry of Commerce in China.
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