Latest news with #ChinaCEECExpo
Zawya
22-05-2025
- Business
- Zawya
East China's trade hub Yuyao taps Central and Eastern European market with passion, innovation
YUYAO, CHINA - Media OutReach Newswire - 22 May 2025 - From May 22 to 25, the fourth China-Central and Eastern European Countries Expo & International Consumer Goods Fair will be held in Ningbo, a port city in Zhejiang Province, eastern China, according to the event's executive committee. The event showcases a series of collaborative projects between China and CEEC, highlighting the achievements in various sectors. A VR entertainment initiative co-developed by China and Hungary under the China-Central and Eastern European cooperation framework is featured at the expo, offering visitors an immersive experience in a magical forest while wearing VR goggles, allowing them to soar to colorful romantic islands on the back of a fairy's magic carpet. Zhang Mingming, general manager of the Ningbo Central and Eastern European Innovation Base, noted the all-encompassing support from the Central and Eastern European International Industrial Cooperation Park and the Yuyao Investment Promotion Center during the project's development. "With their assistance, we connected with Ningbo Fantawild, established the project's operational base, and quickly completed business registration, site decoration, and contract negotiations, which earned us praise from the Hungarian side," he said. As a major manufacturing hub and export-driven economy, Yuyao has long been a key player in Ningbo and Zhejiang's opening up to international markets. The city is home to the province's first Sino-Japanese joint venture and the China-Italy (Ningbo) Ecological Park, among other landmark projects. In 2020, the China-Central and Eastern European International Industrial Cooperation Park was officially established, becoming a crucial platform for enhancing economic cooperation with Central and Eastern Europe. In addition to the industrial cooperation park, numerous private enterprises in Yuyao are actively expanding their operations in Central and Eastern Europe. Several Yuyao-made products have already become part of consumers' lives in the region. For example, products developed by Zhejiang Biyi Electric Appliance Co., Ltd., including coffee machines and air fryers, have entered the markets of eight Central and Eastern European countries, with exports to the region up by nearly 90% in 2024. From January to April this year, the company's exports to the region increased by over 50% year on year. Similarly, Ningbo Fuda Intelligent Technology, has seen significant success in the Central and Eastern European market since entering Poland five years ago. The company has exported mobile air conditioners and dehumidifiers to five Central and Eastern European countries. "Thanks to our years of dedicated development in the Central and Eastern European market, we have seen a surge in shipments since 2025, with sales increasing nearly 180% from January to April 2025," said Fang Zhihao, deputy general manager of Fuda, emphasizing the market's vast potential. In late March, Ningbo organized a delegation of over 40 companies, including Biyi Electric Appliance and a local hot spring resort, to explore opportunities in Central and Eastern Europe. They attended the China-Hungary trade and investment matchmaking conference and visited various enterprises and institutions in Central and Eastern Europe to generate interest for the upcoming expo, according to the information office of Yuyao. Statistics from Yuyao customs showed that from January to April this year, the total value of imports and exports by private enterprises in Yuyao reached 30.27 billion yuan, a year-on-year increase of 18.3%, accounting for 80.3% of the city's foreign trade. More than 900 Yuyao businesses export to Central and Eastern Europe, with an export value of 1.88 billion yuan, up 24.1% from last year. The continued expansion of Yuyao enterprises in the Central and Eastern European markets is supported by a series of facilitative government measures. To assist local businesses in accelerating exports to Central and Eastern European countries, Yuyao customs has promoted self-printed certificates of origin, ensuring quick access for businesses. From January to April this year, Yuyao customs issued 539 certificates of origin for exported goods to Central and Eastern Europe, valued at 143 million yuan, representing year-on-year increases of 10% and 35.92%, respectively. Recognizing the region's abundance of specialized, innovative small- and medium-sized enterprises, Yuyao customs has leveraged its customs credit accreditation policies to establish a target list of 46 specialized "little giant" enterprises, providing advanced certification policy guidance to five firms, successfully nurturing Fengmao Technology into a customs AEO (Authorized Economic Operator) certified enterprise. In March this year, Yuyao announced plans for 2025 to implement initiatives to nurture industrial leaders, facilitate industry upgrading, promote enterprise going-global and encourage private firms to lead overseas venture along Belt and Road countries, among others. Hashtag: #Yuyao The issuer is solely responsible for the content of this announcement. Yuyao Information Office
Malay Mail
22-05-2025
- Business
- Malay Mail
East China's trade hub Yuyao taps Central and Eastern European market with passion, innovation
Participants of the 4th China-CEEC Expo and International Consumer Goods Fair engage in discussions at an exhibitor booth of Yuyao enterprise. YUYAO, CHINA - Media OutReach Newswire - 22 May 2025 - From May 22 to 25, the fourth China-Central and Eastern European Countries Expo & International Consumer Goods Fair will be held in Ningbo, a port city in Zhejiang Province, eastern China, according to the event's executive committee. The event showcases a series of collaborative projects between China and CEEC, highlighting the achievements in various sectors.A VR entertainment initiative co-developed by China and Hungary under the China-Central and Eastern European cooperation framework is featured at the expo, offering visitors an immersive experience in a magical forest while wearing VR goggles, allowing them to soar to colorful romantic islands on the back of a fairy's magic Mingming, general manager of the Ningbo Central and Eastern European Innovation Base, noted the all-encompassing support from the Central and Eastern European International Industrial Cooperation Park and the Yuyao Investment Promotion Center during the project's development."With their assistance, we connected with Ningbo Fantawild, established the project's operational base, and quickly completed business registration, site decoration, and contract negotiations, which earned us praise from the Hungarian side," he a major manufacturing hub and export-driven economy, Yuyao has long been a key player in Ningbo and Zhejiang's opening up to international city is home to the province's first Sino-Japanese joint venture and the China-Italy (Ningbo) Ecological Park, among other landmark projects. In 2020, the China-Central and Eastern European International Industrial Cooperation Park was officially established, becoming a crucial platform for enhancing economic cooperation with Central and Eastern addition to the industrial cooperation park, numerous private enterprises in Yuyao are actively expanding their operations in Central and Eastern Europe. Several Yuyao-made products have already become part of consumers' lives in the example, products developed by Zhejiang Biyi Electric Appliance Co., Ltd., including coffee machines and air fryers, have entered the markets of eight Central and Eastern European countries, with exports to the region up by nearly 90% in 2024. From January to April this year, the company's exports to the region increased by over 50% year on Ningbo Fuda Intelligent Technology, has seen significant success in the Central and Eastern European market since entering Poland five years ago. The company has exported mobile air conditioners and dehumidifiers to five Central and Eastern European countries."Thanks to our years of dedicated development in the Central and Eastern European market, we have seen a surge in shipments since 2025, with sales increasing nearly 180% from January to April 2025," said Fang Zhihao, deputy general manager of Fuda, emphasizing the market's vast late March, Ningbo organized a delegation of over 40 companies, including Biyi Electric Appliance and a local hot spring resort, to explore opportunities in Central and Eastern Europe. They attended the China-Hungary trade and investment matchmaking conference and visited various enterprises and institutions in Central and Eastern Europe to generate interest for the upcoming expo, according to the information office of from Yuyao customs showed that from January to April this year, the total value of imports and exports by private enterprises in Yuyao reached 30.27 billion yuan, a year-on-year increase of 18.3%, accounting for 80.3% of the city's foreign trade. More than 900 Yuyao businesses export to Central and Eastern Europe, with an export value of 1.88 billion yuan, up 24.1% from last continued expansion of Yuyao enterprises in the Central and Eastern European markets is supported by a series of facilitative government assist local businesses in accelerating exports to Central and Eastern European countries, Yuyao customs has promoted self-printed certificates of origin, ensuring quick access for businesses. From January to April this year, Yuyao customs issued 539 certificates of origin for exported goods to Central and Eastern Europe, valued at 143 million yuan, representing year-on-year increases of 10% and 35.92%, the region's abundance of specialized, innovative small- and medium-sized enterprises, Yuyao customs has leveraged its customs credit accreditation policies to establish a target list of 46 specialized "little giant" enterprises, providing advanced certification policy guidance to five firms, successfully nurturing Fengmao Technology into a customs AEO (Authorized Economic Operator) certified March this year, Yuyao announced plans for 2025 to implement initiatives to nurture industrial leaders, facilitate industry upgrading, promote enterprise going-global and encourage private firms to lead overseas venture along Belt and Road countries, among #Yuyao The issuer is solely responsible for the content of this announcement.
Yahoo
21-05-2025
- Business
- Yahoo
Upcoming China-CEEC Expo to highlight host city Ningbo's opening-up stride
NINGBO, China, May 21, 2025 (GLOBE NEWSWIRE) -- From May 22 to 25, the Fourth China-Central and Eastern European Countries Expo and International Consumer Goods Fair (China-CEEC Expo) will be held in Ningbo, a port city in east China's Zhejiang Province, according to the executive committee of the expo. This event comes as China and the European Union celebrate the 50th anniversary of their formal diplomatic relations, placing the historic port city at the forefront of China's push for high-standard opening-up. The expo will feature over 400 exhibitors showcasing more than 8,000 distinctive products from CEEC, including Czech beer, Slovenian honey, and Hungarian down products. The exhibition area covers over 20,000 square meters, with record numbers of exhibitors and displayed products. It is expected to attract around 15,000 professional visitors, including more than 3,000 overseas buyers, with anticipated transaction intentions exceeding 10 billion yuan for imports of Central and Eastern European goods. In addition to its scale, this year's expo promises numerous unique and cost-effective experiences for exhibitors and visitors, including nine brand debuts from CEEC and 1.5 million yuan in exclusive consumer vouchers. The event will also host 11 key activities, four systematic events, and over 50 sector- and country-specific matchmaking activities, providing an extensive platform for exchange and cooperation. Since the inaugural China-CEEC Expo in 2019, this event in Ningbo has become a crucial platform for deepening trade ties, showcasing the city's commitment to fostering bilateral collaboration across various fields. Ningbo hosted its first CEEC products expo in 2014 and established China's first China-CEEC economic and trade cooperation demonstration zone in 2018. Currently, annual trade growth between Ningbo and CEEC stands at 18.3%. From January to April this year, the total import and export volume with these countries reached 19.7 billion yuan, a year-on-year increase of 13.8%. Ningbo Zhoushan Port has established maritime routes with five CEEC ports, projecting a container throughput of 786,000 TEUs in 2024. The city has also launched a passenger route to Budapest, Hungary, which has transported over 27,000 passengers in two years. Beyond economic exchanges, Ningbo is expanding cooperation with CEEC in education, technology, culture, and tourism. The city has established friendly relations with 19 Central and Eastern European cities and set up nine overseas liaison offices in CEEC. It has also created platforms, such as the China-CEEC vocational colleges industry-education alliance, and organized a series of events, including a China-CEEC exchange week. To further enhance mutual understanding among people, this expo will introduce a charming CEEC section for the first time, featuring exhibits including over 400 books co-published by China and CEEC and a wide array of exhibits showcasing the cultural landscapes of 14 Central and Eastern European nations. Ningbo has been leveraging its deep ties with CEEC to foster cooperation with other European countries. The EU remains Ningbo's largest trading partner, with trade reaching 81.42 billion yuan in the first four months of this year, a year-on-year increase of 11.6%. On April 30, over 100 TEUs of domestically produced solar photovoltaic panels set sail from Ningbo Zhoushan Port to Wilhelmshaven, Germany, marking the first combination of sea-rail intermodal transport with the China-Europe Express, establishing a direct logistics channel that meets high-volume and time-sensitive trade demands for exports to Europe. In addition to exhibitors from the 14 Central and Eastern European countries, this year's expo has attracted participants from nine other nations, including the UK, France, Germany, Italy, and Spain, with exhibitors from eight of those countries attending for the first time, expanding the event's reach to the rest of Europe. Looking ahead, Ningbo will continue to position itself as a preferred location for bilateral trade, investment, and cultural exchange between China and Central and Eastern Europe, according to Ningbo mayor Tang Feifan. The city aims to promote synergy between the expo and the demonstration zone, hoping to leverage the event to attract more institutional platforms to Ningbo and enhance the development and achievements of bilateral cooperation, Tang added. Source: The Executive Committee of China-CEEC Expo CONTACT: Contact person: Ms. Wang, Tel: 86-10-63074558
Yahoo
20-05-2025
- Business
- Yahoo
Chinese port hub Ningbo demonstrates resilience in navigating shifting trends
NINGBO, China, May 20, 2025 (GLOBE NEWSWIRE) -- From May 22 to 25, the fourth China-Central and Eastern European Countries Expo & International Consumer Goods Fair (China-CEEC Expo) will be held in Ningbo, a port city in east China's Zhejiang Province, according to the executive committee of the expo. This grand event will serve not only as a platform for product exhibitions and business negotiations but also present a case study of Ningbo as a reflection of China's economic resilience and commitment to openness. At the Ningbo International Conference Center, workers are busy preparing exhibition booths. In just a few days, over 400 exhibitors will present more than 8,000 products from CEEC, including Czech beer, Slovenian honey, and Hungarian down products, across a 20,000-square-meter exhibition area. The expo is expected to attract 15,000 professionals, including over 3,000 foreign buyers, marking record highs in exhibition area, number of exhibitors, and product variety. Since the inaugural China-CEEC Expo in 2019, this recurring event in Ningbo has become an important platform for deepening economic and trade cooperation between China and CEEC. It also reflects Ningbo's proactive response to changing circumstances and its commitment to innovation. With its advantageous geographic location and port resources, Ningbo has historically been a significant trade hub. In 2024, the city's total import and export value reached 1.42 trillion yuan, a year-on-year increase of 11.1%. For the first time since the 21st century, its annual foreign trade scale ranked among the top five nationally. The Ningbo-Zhoushan Port, known for its exceptional deep-water capabilities, has maintained the world's highest throughput for 16 consecutive years. Amid a complex and fluctuating global trade environment, Ningbo has remained resilient as a trade hub. According to data from Ningbo customs, the city's total import and export value from January to April 2025 reached 472.45 billion yuan, a year-on-year increase of 8.2%, setting a record for the same period. High-tech product imports grew by 18.1%, and electronic product imports surged by 38.4%. This impressive record in foreign trade is a testament to Ningbo's robust economic resilience. The substantial and continuously innovative private sector serves as a solid foundation for its foreign trade-oriented economy. Ningbo is not only the third city in China, following Shenzhen and Shanghai, to have a private enterprise foreign trade scale exceeding one trillion yuan, but it also boasts the highest number of national-level single champions in manufacturing. "The flexibility and innovation of the private economy are key advantages for Ningbo in facing tariff challenges," said Zhang Mengting, a researcher at the institute on the CEEC economic and trade cooperation of Ningbo University. In response to external pressures, private foreign trade enterprises in Ningbo have enhanced their market competitiveness through technical competitiveness, shifting from limited markets to a global layout, and transitioning from product exports to overseas production. Meanwhile, the city's foreign trade has adapted from export-only activities to a dual circulation model that incorporates both domestic and international markets. From January to April, Ningbo's private enterprises reported an import and export value of 365.44 billion yuan, a 12.3% increase that contributed 9.1 percentage points to the city's overall growth and accounted for 77.4% of Ningbo's foreign trade, up 2.8 percentage points from the same period last year. During the first four months, trade growth with Africa and ASEAN reached 28.1% and 20.7%, respectively. Among Ningbo's trade players, Xinhai Technology Group has invested over 60 million yuan in research and development, leveraging EU certification to access a global market of 2 million lighters daily. Corelead Group, on the other hand, has established a factory in Serbia to promptly meet urgent orders from European clients. Moreover, Ningbo actively capitalizes on its role as a pilot area within the China (Zhejiang) Pilot Free Trade Zone, expanding its space for foreign economic and trade cooperation through institutional innovation. As the first China-CEEC economic and trade cooperation demonstration zone in the country, Ningbo has implemented a pilot green channel for CEEC imports, promoting mutual recognition of customs inspection standards and 16 other institutional innovations. The theme of this expo, which seeks innovation, practical outcome and future-oriented cooperation, encapsulates Ningbo's development. The city, recognized as a high-energy open stronghold, demonstrates resilience against external risks through the vibrancy of its private economy, the strong edge of technological innovation, and the strategic stability offered by diverse markets, thereby contributing Chinese solutions to global trade governance. Source: The Executive Committee of China-CEEC Expo CONTACT: Contact person: Ms. Wang, Tel: 86-10-63074558
