Industrial Structure

In 2023, the added value of the city’s primary industry will reach 38.38 billion yuan, an increase of 4.7%; the added value of the secondary industry was 754.05 billion yuan, up by 5.7 percent; The added value of the tertiary industry was 852.85 billion yuan, up by 5.3 percent. The ratio of the three industries was 2.3:45.8:51.9.

Structure of Economic Agents

By the end of 2023, there will be a total of 1.386 million market entities in the city. There are 554,000 domestically funded enterprises, with a registered capital of 6.6 trillion yuan; Among them, there are 524,000 private enterprises, with a registered capital of 4.9 trillion yuan. There are a total of 817,000 industrial and commercial households in the city, with a capital of 91.37 billion yuan.

Industrial Production

In 2023, the added value of the city’s industries above designated size will reach 528.82 billion yuan, an increase of 6.6% over the previous year. By type of enterprise, the industrial added value of large, medium, and small enterprises above the designated size increased by 9.0 percent, 7.8 percent, and 2.7 per cent, respectively. By economic type, the added value of state-controlled enterprises increased by 5.3 percent, and that of joint-stock limited enterprises increased by 15.3 percent. The annual sales output value of industrial enterprises above the designated size was 23873. 300 million yuan, an increase of 1.0 percent, of which the export delivery value was 381.63 billion yuan, a decrease of 8.1 percent.

Construction

In 2023, the added value of the city’s construction industry will reach 78.40 billion yuan, an increase of 6.5% over the previous year. By the end of the year, there were 1,591 qualified construction enterprises in the city, including 17 special grades, 280 first-class enterprises, 470 second-level enterprises, and 824 third-level enterprises and below.

Merchandising

In 2023, the city’s total merchandise sales will increase by 9.7% compared to the previous year. Among them, the total sales of commodities above the designated size increased by 9.0 percent, and the sales of metal materials increased by 17.7 percent in terms of commodity categories; sales of chemical materials increased by 24.1%; Sales of petroleum and petroleum products decreased by 12.8%.

Retail Sales of Goods

In 2023, the city’s total retail sales of consumer goods will reach 521.26 billion yuan, an increase of 6.5% over the previous year. Among them, the total retail sales of consumer goods above a designated size were 206.74 billion yuan, up by 6.2 percent.

Banking

At the end of 2023, the balance of domestic and foreign currency deposits of financial institutions in the city was 3,407.16 billion yuan, an increase of 8.9% over the previous year; The balance of domestic and foreign currency loans of financial institutions was 3,813.30 billion yuan, up by 15.6 percent. At the end of the year, there were 68 banking and financial institutions in the city.

Securities Industry

In 2023, the total securities turnover in the city will be 12.7 trillion yuan, an increase of 5.7% over the previous year, of which the turnover of stocks and funds will be 6.3 trillion yuan, a decrease of 4.0%. At the end of the year, the balance of securities customer transaction settlement funds was 23.93 billion yuan, down by 5.3 percent. Continued to implement the "Phoenix Action" Ningbo plan, adding 6 new domestic listed companies throughout the year, completing the initial public offering (IPO) raising of 3.24 billion yuan, and the total number of domestic listed companies reached 120 by the end of the year.

Insurance

By the end of 2023, there were 31 property insurance institutions at or above the municipal level, 26 life insurance institutions, and 85 professional intermediaries. The annual premium income was 45.52 billion yuan, an increase of 9.4% over the previous year. The annual risk protection was 65.2 trillion yuan, an increase of 43.4%. The annual compensation expenditure was 18.36 billion yuan.

Source: ningbo.gov.cn

Editor: Ye Ke