Ningbo High-Tech Zone to spend $73.8m annually for software development
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    Ningbo Maker Space, an incubation center for startups in the Ningbo
    High-Tech Zone, Ningbo, East China's Zhejiang province.To get more Ningbo City news, you can visit shine news official website.

    A new policy was recently released by the administrative committee of
    Ningbo High-Tech Zone to grant 500 million yuan ($73.8 million) every
    year for boosting the development of its Ningbo Software Park.

    The policy, including 20 specific measures, covers every aspect of the
    development of the local software industry, from project landing,
    infrastructure building to talent and investment attraction.

    The funds will mainly go to companies specializing in industrial
    software, industrial internet, cloud computing, the internet of things,
    big data, artificial intelligence, blockchain and integrated circuits.

    Ningbo launched an initiative last year for building itself into a
    famous characteristic Chinese software city to contribute to the
    nation's "Made in China 2025" plan on promoting manufacturing.

    As the Ningbo Software Park plays a key role in achieving that goal,
    Ningbo High-Tech Zone has organized seven promotional meetings at the
    park over the past year, attracting 132 companies to settle there, with a
    total registered capital of 3.9 billion yuan.

    Nearly half of the companies focus on developing the new generation of
    information technologies and one third work on internet services, cloud
    computing, the internet of things, and big data applications.

    The monthly container throughput in Ningbo-Zhoushan Port hit a record
    high in January, with 2.598 million twenty-foot equivalent units (TEUs)
    handled in the month, up 9.3 percent year on year.

    In addition, the Chuanshan Port Area in Ningbo handled more than 1
    million TEUs, becoming the first terminal in Ningbo-Zhoushan Port that
    has hit 1 million TEUs within a month.

    Ningbo-Zhoushan Port has ranked first globally in cargo throughput for
    10 consecutive years, and came among the world's top three in container
    throughput last year.

    It had established 246 lanes to connect with more than 600 ports in over
    190 countries and regions by the end of last year, and has become a hub
    for Southeast Asian countries to export goods to North America, Japan,
    South Korea and other countries and regions around the world.

    Statistics show that among the 26.35 million TEUs that the port handled
    last year, 23.2 million were for exports or imports, and half of the 246
    lanes are ocean-going ones.

    To date, it has opened 13 rail-sea intermodal cargo routes in China,
    with its business covering 46 domestic cities, bringing a faster
    logistics speed. For example, cargo from Chongqing used to be sent to
    Shanghai by river before being exported to other countries, which takes
    nearly half a month. But now it can be sent to Ningbo-Zhoushan Port by
    rail, taking only 57 hours.

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