According to the Information Office of Ningbo Municipal People's Government, Ningbo has set the major economic targets for 2016:
1. RMB 1.1 trillion
The GDP will hit RMB 1.1 trillion in 2016, per capita GDP will hit RMB 125,000 and the fiscal revenue will reach RMB 220 billion.
2. 328 days
Air quality will be up to standards for 328 days of the year, 70% of water bodies will meet required standards, and per capita green area will reach 11.5 square meters.
3. RMB 270 billion
The total output of the marine economy is to reach RMB 270 billion by 2016. Hi-tech industrial added value will account for 30% of the total industrial added value. The Service Sector added value will take up 46% of the GDP, and R&D expenditure 2.6%.
4. USD 320 billion
Total import and export volume will reach USD 320 billion, overseas investment USD 2 billion, paid-in foreign investment USD 4.5 billion. 60 of the Fortune 500 companies will invest in Ningbo and 1.4 million overseas tourists will travel to Ningbo. Total passenger throughput of
the airport will reach 7.5 million, cargo throughput 120,000 tons.
5. RMB 55,000
Per capita disposable income of urban and rural residents will reach RMB 55,000 and RMB 27,000 respectively.
Added value of cultural sector will account for 7% of the GDP.
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