Home> Latest

Ningbo inaugurates business climate supervision body

chinadaily.com.cn| Updated: September 27, 2021 L M S

3.jpg

The plate-unveiling ceremony for the supervision body to handle complaints related to the city's business climate is held in Ningbo, East China's Zhejiang province on Sept 26. [Photo/cnnb.com.cn]

Ningbo in East China's Zhejiang province inaugurated a supervision body to handle complaints related to the city's business climate.

The facility, which is the first of its kind in the nation, comes as part of a broader push from the local government to further optimize Ningbo's business climate.

Citizens can also submit complaints in that regard through letters, visits to the facility or by calling 12309. Feedback will be given within the prescribed time limit, with complainant's information being kept confidential.

Ningbo, which is home to over 1 million market entities, has seen notable improvement in its business climate in recent years. A report released by the All-China Federation of Industry and Commerce in November 2020 ranked Ningbo seventh nationwide in terms of business climate.

The report was based on a survey that polled tens of thousands of private enterprises across the country from June to October.

The city has emerged as a magnet for global investment by virtue of its congenial business climate.

Four Fortune Global 500 companies have established a business presence in the city in 2020, bringing the total number of overseas Fortune Global 500 in the city to 67, official data from the Ningbo municipal bureau of commerce showed.