Ordos looks for investment

By Zhao Xiao | chinadaily.com.cn | Updated: 2017-02-27 20:19

Scenery of Ordos, Inner Mongolia autonomous region. [Photo provided to chinadaily.com.cn]

In recent weeks, Ordos in Inner Mongolia autonomous region, has been attempting to seek more investment from across China and the world and hopes to see its economy boom and develop a thriving tourism industry.

In industrial projects, Ordos has invested capital with the aim of producing 600,000 tons of methanol to olefins, 1.37 million tons of alkene, and 2 million tons of coal-to-liquids.

High-voltage wires from western Inner Mongolia to southern Tianjin have been put into service for power transmission, utilizing wind energy of 7.7 million kilowatts.

In 2016, Ordos invested 597.7 billion yuan ($86.9 billion) in a total of 210 industrial projects, and introduced foreign capital of 13.4 billion yuan, ranking first among regional cities and leagues.

With an increase of 80 percent in import and export trade, Ordos has ascended into the top 100 Chinese cities for foreign trade.

As China's cashmere city, Ordos has taken a third of China's cashmere products and a fourth of the world's.

It also holds proven coal reserves of 201.7 billion tons, accounting for 16.7 percent of China's total. In addition, it's proven that the city has 6.5 billion tons of kaolinite, around 50 percent of all national provinces'.

Representing a third of China's natural gas, it has become a crucial part of a national strategic project, the West-to-East Gas Pipeline.

Located in the plateau of south-western Inner Mongolia, Ordos houses 29 national 4A-level tourist spots and two 5A-level scenic areas, including the Mausoleum of Genghis Khan and Xiangshawan desert resort.