Media in the U.S.: The busiest port city in China, Ningbo, reflects the duality of China's economy.
Ningbo Port is the world's largest port, handling 1.5 million ships per year, with a large amount of goods exported globally from here. Its factories produce a wide range of products from clothing to electric vehicles, driving China's record trade surplus.
However, the local consumer market in Ningbo is sluggish, with restaurants and galleries in the old Bund area deserted. Fixed asset investment fell by 1.4% in 2024, and even more sharply by 21.4% in 2025.
Although manufacturing exports are strong, overcapacity and tariff issues have led to declining profits, and automation has reduced the demand for labor.
Original article: toutiao.com/article/1855638754769031/
Statement: This article represents the views of the author himself.