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A state- owned foreign- trade company specially engaged in import and export trade was set up by Ningbo Development & Investment Group Co.,Ltd (Ningbo Electric Power Development Co., Ltd) which holds the majority of the company shares. Ningbo Development & Investment Group Co.,Ltd (Ningbo Electric Power Development Co., Ltd) is state-owned solely-funded liability company , which is authorized to manage national assets. Directly under the municipal government, it is one of the major key enterprises in Ningbo. By the end of 2004, its net assets have reached 2.1 billion Yuan and total assets 5 billion Yuan.
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