The long history of Ningbo industry development started from 1980s'. During the tens of years since the foundation of P.R.China, esp. since the implementation of the opening up and reform policy, Ningbo has witnessed a rapid progress in industry, and achieved a sizable-scale economic gross and strength. The primary target of the elementary industrialization phase has been obtained, and the medium-term is going on. Ningbo has become a key industrial base of Zhejiang province,or even of the eastern China. 1. Industrial economic gross outspreads so rapidly that it stands out of the national economic development. The GDP of the city in 2002 was RMB150.03 billion Yuan,with an increase of 13.2% over the previous year. Among them the industrial added value was RMB74.96 billion Yuan, with an increase of 15.0% over the year 2001 and accounting for 50% of the GDP, in which, the scaled industries contributed 49.14 billion Yuan, increased by 21.5%. In 2002, the industrial output value made by the scaled industries was RMB200.58 billion Yuan, increased by 19.1% (or 22.1% at the rate of exchange). The sale production value was 195.51 billion Yuan, increased by 19.4%. The proportion of the industrial production and sale was 97.5%. The gross profit and tax revenue was beyond RMB26.38 billion Yuan, increased by 14.1%, among which the total profit margin was RMB15.22 billion Yuan, ranking 5th of the 42 central cities in China, and 1st of all districts and cities in Zhejiang province, increased by 14.3% than that of previous year. The comprehensive score of 11 items of industrial profit checking indices was as high as 223.42 points, ranking 1st of all the districts and cities in Zhejiang province, increased by 7.39 points, which created a new historic record. The industrial profit accounted for over 65% of the citywide fiscal income, thus the industrial economy holds the balance of the civil economic development of Ningbo.