Zone Ningbo National Hi-Tech Industrial Development Zone was founded in 1999 and was upgraded to a national level zone in January 2007. It is from Ningbo International Airport and away from Ningbo Port. The zone serves as the important technical innovation base of Yangtze River Delta. Industries encouraged include chemicals production and processing, biotechnology and pharmaceuticals, raw material processing, Research and Development. Ningbo Free Trade Zone Ningbo Free Trade Zone is one of the 15 free trade zones authorized by the State Council of China, and is the only free trade zone in Zhejiang Province. It was established by State Council in 1992, covering the area of . It lies in the middle of the coastline of Mainland China, at the south of Yangtze River Delta. In 2008, its industrial output value was RMB 53.33 billion and grew at 19.8% as compared to 2007. Nordic Industrial Park The Nordic Industrial Park Co. Ltd. (NIP) is one of the first wholly foreign-owned industrial parks in China located in Ningbo, Zhejiang Province. NIP is managed and operated by a Scandinavian management team. Ningbo Advertising Park The Ningbo Advertising Park is a national level pilot park located in the Ningbo Southern Business District. The financial incentives have attracted over 300 relevant firms to establish operations. Ningbo Port Unlike other cities, Ningbo has the same authority as provincial governments for economic administration and is the largest port in the world in terms of annual cargo throughput. In contrast to Shanghai, the port is deep-water and capable of handling 300,000 ton vessels. The port is located mainly in Beilun district and Zhenhai district. In 2006, Ningbo Port started its expansion towards the neighboring island city of Zhoushan to build an even larger port with higher capacity to compete with neighboring ports in the region, such as Shanghai's Yangshan Deep-Water Port. Statistics in 2010 showed that total cargo throughput was 627,000,000 tonnes and container throughput 13,144,000 TEUs. In 2021, total cargo throughput was 1,224,050,000 tonnes, including 31,080,000 TEUs. Ningbo proper saw 623,400,000 tonnes and 29,370,000 TEUs, while Zhoushan saw 600,650,000 tonnes and 1,710 000,TEUs. Thus, with bulk container breakdowns, hugely improved logistics, and massive chemical and foodstuff, processing developments, Ningbo is outcompeting Shanghai for the preeminent Chinese east coast port. Ningbo is part of the 21st Century Maritime Silk Road that runs from the Chinese coast to the south, via Singapore towards the southern tip of