In its recently published report, China’s Cities, Savills noted that retail sales in Ningbo in 2013 amounted to about CNY270bn and, by that measure, was the 16th largest metropolitan retail market in the country. Disposable income among urban households was approximately CNY41,000 per annum. GDP per capita was CNY92,000. In 2011, there were around 50mn domestic tourism arrivals and about 1mn international tourism arrivals.

Source : Savills/December 2015/Ningbo/RET