Ningbo Implements 18 Measures to Enhance International Commodity Trade Center Development
Ningbo has introduced 18 new initiatives to develop an international commodity trade center, aiming for significant global impact by 2030. These measures target market engagement, innovative trade models, and digital transformation, positioning Ningbo as a leader in commodity resource allocation.
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Ningbo has announced 18 measures to accelerate the establishment of an international commodity trade center, with a goal set for 2030. The policy, issued by 10 government agencies, emphasizes attracting market players, enhancing financial services, and fostering innovative trade models.
Key initiatives include promoting digital platforms for commodity trading and using technologies like blockchain and AI. The measures also aim to boost offshore trade and support Ningbo-Zhoushan Port, recognized as a leading biofuel and LNG bunkering center. The focus on financial innovation involves banks expanding lending through digital financing products and collaboration between universities and enterprises to develop skilled talent.
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