business tips

Ningbo: A great location for a China sourcing office

We are a Shanghai company, but our operational offices are in Ningbo. Here is why.

IAA
In Asia Advantage
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In the year 821, Ningbo - then named Mingzhou - was the administrative centre of Eastern Zhejiang. The city was based in an area bounded by 3 rivers. This area is called SanJiangKou / 三江口 which means Three River Mouth. This is still the city centre area of Ningbo.

Our offices are located in the SanJiangKou area.

We are a Shanghai company but our operational offices are in Ningbo.

Why is that?

→ Ningbo is the 3rd biggest container port in the world

→ Ningbo is the port for Zhejiang province. Zhejiang is a major manufacturing centre with GDP of USD1.3 trillion.

→ Ningbo is a thriving Tier 1 city that is less congested with a good lifestyle.

→ Ningbo cost of living is significantly lower than Shanghai. Can build a high performing team here at a lower cost.

→ Ningbo office rent is AT LEAST 50% lower than that of Shanghai.

→ Ningbo is 2 hours’ travel by fast train from Shanghai with its own international airport.

Ningbo is an ideal location to set up a China Sourcing Office as the cost of office rental and Team salaries is much lower than Shanghai. However, there are many other cities in China that are equally suitable. When selecting a location, it is ideal to establish near your manufacturing base for time/resource efficiency.