Ningbo, briefly known as “Yong”, is situated at the shore of East China Sea and in the southeast corner of the Pear River Delta. It is a sub-provincial city in Zhenjiang province, a city with separate budgetary plans and a relatively large city with power to enact local regulations and provisions. Ningbo is a Famous Historic and Cultural City as approved by the Ministry of Culture of PRC and one of the three economic centers in Zhejiang. In 2008, Ningbo’s GDP totaled RMB 396.41 billion. The population of permanent residents amounts to 6.89 million, with a per capita GDP reaching RMB 57,532.

As one of China’s 14 open-up port cities along the coastline and one of the first open cities well-known domestically and around world, Ningbo has stable financial operations and continued development of port production. Ningbo is the transportation hub in east Zhejiang with rapid development of all-round land, sea, air and waterway transport and, especially, with Beilun Port well-known as “the Big Oriental Port” both domestically and overseas. Lishe Airport has established air bridges with Hong Kong and various other major cities across the country. Its railways, highways and waterways can reach to any places in all directions.