Ningbo enterprise contributes to local foreign trade growth

Private enterprises play a crucial role in driving economic growth in Ningbo, Zhejiang province.

China-Base Ningbo Group (CBNB), a 40-year-old import-export company, positions itself as an "industrial and supply chain operator", aligning the supply of resources with demand and domestic markets with international ones.

Founded in 1985 and transformed from a state-owned to a private enterprise, the enterprise remains a leader in Ningbo's foreign trade. Last year, the group reported revenues exceeding 150 billion yuan ($21.61 billion) and total imports and exports of $6.06 billion.

The enterprise supports upstream manufacturers in expanding sales channels and ensures the stable supply of raw materials for downstream enterprises. Its global procurement network spans over 50 countries and regions, ensuring diverse sourcing and stable supply.

In a volatile international trade environment in 2025, the group's imports grew by 10 percent, with exports to countries and regions involved in the Belt and Road Initiative increasing by 13 percent.

To assist Ningbo's micro, small and medium-sized manufacturers, the group launched the CBNB Huitong foreign trade comprehensive service platform, offering one-stop services in areas such as financing and logistics.

Additionally, it has expanded into cross-border e-commerce, launching the "CBNB Global Auto Parts" platform, directly connecting domestic factories to overseas consumers.

"Our next step is to replicate this model in other sectors like robotics and electromechanics, contributing to the creation of a high-quality export ecosystem for Ningbo manufacturing," said Zhou Jule, chairman of CBNB.