The Swire Pacific is a foreign enterprise that entered Ningbo. It engaged in businesses such as shipping, sugar industry, and insurance in Ningbo for more than 50 years. With the gradual development of trade, foreign merchants from various countries established various foreign firms on the north bank of the river. The first ones to be opened were foreign firms such as Russell & Co., Dent & Co., Yuen Cheong, and Kwong Yuen from the United States and the United Kingdom. They operated various foreign goods. They widely purchased real estate and built foreign drug warehouses, churches, and residences.
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