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Ningbo: Economy

Ningbo is the second-largest city in Zhejiang, and also one of China’s first coastal cities that opened to the outside world. Although Ningbo is not a capital city, the GDP is high when compared with other cities. It achieved a total industrial output value of 652.4 Billion RMB in 2012, ranking it 17th in China. Petrochemicals, textiles and machinery are the three mainstays of industry in Ningbo, and other industries include metallurgy, electronics and building materials…

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