APEC gathering puts spotlight on growing port city

A prelude to this year's Asia-Pacific Economic Cooperation summit, the ongoing first APEC senior officials' meeting has put the host city Ningbo in the limelight.

The coastal city in East China's Zhejiang province, which was named one of the best investment destinations in China in 2013, has long been known for its dynamic private economy.

Government data show that more than 160,000 private businesses were running in the city in 2013. Of them, 21 ranked among the top 500 private Chinese companies last year.