A major industrial base of Zhejiang Province, Ningbo is also a key production area of such economic specialties as grain, cotton and oil as well as aquatic products. An industrial set-up has come into being with petrochemical, power and paper-making as its mainstay and machinery, electronics, metallurgical , building material, light industry, textile & garment and pharmaceutical as its coordinative development. In 2005, its GDP of secondary industry hit RMB ￥135.35 billion. Its agriculture has also witnessed rapid growth. In 2005 the GDP of primary industry reached RMB ￥12.88 billion. An agricultural set-up has also formed with equal stress on grain and cotton production and comprehensive development of diversified economy and of village and township industry. Meanwhile the tertiary industry has also grown rapidly with its GDP reaching RMB ￥96.41 billion. Ningbo has now developed into a coastal port city, advanced in port facilities, completed in industrial set-up, comprehensive in agricultural development and advanced in domestic and foreign trade.
Structure of Gross Domestic Product (2005) |
Gross Domestic Product (RMB 100 million)
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