| China Ningbo Cixi Import and Export Corporation, founded in 1973, is a comprehensive foreign trade enterprise with import and export as its main business. We gained the self-supporting right of import and export in 1988, and possess multiple economical entities, including trading companies, manufacturing factories, and functional companies engaged in international transportation, labor export, business recruiting, tourism and property management. Our domestic branches are situated in Shanghai, Ningbo, Shenzhen, and we have set up some foreign enterprises and offices in Poland, Japan, Hong Kong, Chile and Russia. In 1998, our import and export volume reached US$144.5 million, ranking 154th among the top 500 enterprises in China. Our export volume was US$137.8 million, ranking 101st among the top 200 enterprises in China. In 1999, our import and export volume was built up to US$160 million. In February, 1998, our corporation was recognized as the "Advanced Collective in China's Foreign Trade and Economy System". In January, 1999, we were commended via the media by the Foreign Trade and Economy Ministry of China. We mainly deal in household electric appliances and electronics, hardware and measuring products, miniature bearings, garments and textiles, cases and bags, shoes and caps, bathing products, seals, etc. Our household electric products, including sockets, drinking water machines, heaters and electric fans, have obtained related safety certification from European and American countries. All together we have 41 categories and 388 kinds of products exported to 101 countries and regions. By taking the establishment of modern enterprise system as a turning point, as well as speeding up the steps of reforming the foreign trade system, our corporation will gradually become a comprehensive enterprise of internationalization and modernization, with trade as its main business, industry as the base and finance as the backing. |