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Yuyao wins 2 grand medals for gratifying local business and economic increases
2017- 03- 21

Yuyao wins 2 grand medals, namely a Bronze Medal for the Development of Commercial Circulation and a Gold Medal for the Contribution to the Development of Business and Economy, according to the List of Winners of Ningbo Annual Business and Economic Award 2016, released by Ningbo Municipal People’s Government lately.
Ever since last year, Yuyao has been taking a variety of measures to carry out OAO (online and offline) activities to stimulate and enlarge domestic consumptions. Remarkable achievements have been gained from the business and economic development in the urban and rural districts in Yuyao. According to statistics, the total volume of the retail sales of social consumer goods reached up to 39.017 billion RMB last year with a year-on-year increase of 11%, boasting 10% more than the required amount as was set by the Ningbo Municipal People’s Government; the wholesale and retail sales volume rose high up to 144.659 billion RMB, increased by 15.2% as is compared to that of the year before and witnessed 52% more than the required amount. 105.617 billion RMB out of the 144.659 billion were gained from the sales volume of the wholesale industry with an annual increase of 14.4%, i.e., 44% more than the required amount.
Regarding to the cultivation of new business and economic growth, Yuyao has been implementing the strategy of carrying out OAO sales activities frequently. Last year, Yuyao boasted up to 400 newly registered commercial and trading enterprises, and 69 out of which were business trading enterprises above the designated scale (a business trading enterprise above the designated scale refers to a wholesale enterprise with its annual main business income of over 20 million RMB/ a retail enterprise with its annual main business income of over 5 million RMB/ an accommodation/ catering enterprise with its annual main business income of over 2 million RMB), including sole proprietors and units who carry out industrial activities. Last year, the online sales volume exceeded 58 billion RMB with an annual increase of 16%, while the sales volume of retail sales reached over 8.5 billion RMB, increased by 40% year on year. 85% of the business trading enterprises above the designated scale run their own online sales stores and inspiring achievements have been made on “E-commercialization of Product Sales, Goods Consumption and Services”, for example, 93 online sales enterprises have taken root in 3 major E-commerce Parks of Yangming, Wenshan and Maker Space in Yuyao, and over 100 companies chose to settle in E-commerce Parks, with Yuyao Municipal E-commerce Park, Lanjiang Maker Space Park, Lizhou E-commerce Park and Simen E-Commerce Park, etc. included.


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