The Hangzhou Bay New Zone, in its seventh year for development and construction, has stepped onto a new stage for industrial economic development. Statistics show that in the first 11 months this year, the output value for large-scale industries at the new zone reached 100.14 billion yuan, up by 18.3% over the same period of last year, and accounted for over 84% of the total industrial output value (119.2 billion yuan) of the new zone.
Likewise, such advanced manufacturing industries as new materials and smart electrical equipment have developed with the large enterprises and large projects. Recently, the product standard drafted by Ningbo Xingye Shengtai Group has approved by the "Made in Zhejiang" Brand Construction Promotion Committee. This is the second industrial standard at the new zone besides the cooker hood manufacturing standard of Fotile Kitchenware. Despite the gloomy situation of the industries, the two companies have maintained their growth with large research input and advanced talent construction, and the output value of both exceeded four billion yuan.
Source from Ningbo Gov. Website