What are the visa & residency requirements in Ningbo?

"In order to obtain a visa to enter Ningbo, applicants must submit a valid passport, a completed visa application form, a recent passport-style photograph, and proof of legal residence in the country of origin. Depending on the type of visa, additional documents may be required. Once the application is approved, the visa will be issued and the applicant will be able to enter Ningbo. In order to apply for residency in Ningbo, China, applicants must submit a valid passport, a completed application form, a recent passport-style photograph, proof of legal residence in the country of origin, and proof of financial stability. Depending on the type of residency, additional documents may be required. Once the application is approved, the residency permit will be issued and the applicant will be able to stay in Ningbo for a specified period of time," mentioned another expat when asked about moving to Ningbo, China.