No.316, A Wing, Century Square, No.14, Hualou Street, Ningbo, China
Located midway down the eastern coast of China in Zhejiang Province, Ningbo is one of a key shipping and commercial center south of the Yangtze river. It is naturally sheltered by the Zhoushan Archipelago in the east, borders on Hangzhou Bay in the north, neighbors on the city of Shaoxing in the west, and faces Sanmen Bay in the south. Enjoying a long history of over 7,000 years, Ningbo is home to the neolithic Hemudu ruins, which show Ningbo as one of the earliest settlements on Earth for rice cultivation. Classified as a State-level historic and cultural city due to its unique cultural heritage, Ningbo is also famous for its port and as a source of shipping, trading and cultural exchange since the Tang and Song Dynasties.
Today, Ningbo’s economy is more robust than ever. In 2006, the gross domestic product (GDP) of the city reached ¥286.45 billion, increasing 13.45%; the GDP per capita reached ¥51,285 (US$6568). The city ranks 5th among all the sub-provincial cities by its GDP, and 3rd by per capita disposable income of urban residents. All of the 5 counties (county-level cities) of Ningbo are among the top 100 county economies in the country.
LEHMAN, LEE & XU’s Ningbo partner office can assist with a wide range of legal issues relating to international trade, international business litigation, foreign direct investment, shipping issues, commercial law, and IP matters.