Ningbo posts stable economic growth Jan-Oct
China DailyNingbo in East China's Zhejiang province maintained its stable economic growth in the first 10 months of this year, according to local statistics authorities. The added value of industrial enterprises above designated size in Ningbo expanded 4.2 percent year-on-year to 439.79 billion yuan during the 10-month period, according to official data from the Ningbo Municipal Bureau of Statistics. Over the same period, their aggregate sales volume hit 1.95 trillion yuan, a year-on-year uptick of 8.4 percent, while the export value amounted to 342.65 billion yuan, edging up 0.6 percent year-on-year. As of the end of October, the balance of domestic and foreign currency loans and deposits in Ningbo hit 3.27 trillion yuan and 3.04 trillion yuan respectively, both up 13.6 percent year-on-year. The world's largest port by cargo throughput volume, Ningbo Zhoushan Port's cargo throughput volume expanded 3.3 percent to 1.06 billion metric tons from January to October.