Fixed assets investment in north China's Inner Mongolian Autonomous Region is expected to amount to 120.2 billion yuan (US$14.45 billion) for the year, a rise of 68 per cent from last year, the largest growth rate nationwide, according to a recent economic work conference in the region.

During the first 11 months of the year, fixed assets investment in local areas above the town level reached 101 billion yuan (US$12 billion), up 86 per cent on a yearly basis.

Overseas investment in the region is expected to reach US$330 million for the year, with investment from other areas in the country expected to exceed 35 billion yuan (US$4.2 billion).

Outstanding bank loans in the region are expected to reach 24.5 billion yuan (US$2.9 billion) by the end of the year, up 88.5 per cent compared to the figure at the end of last year.

Fixed assets investment in local industry is expected to hit 49. 5 billion yuan (some US$5.9 billion) for the year, up 115 per cent year-on-year, with the amount in ecological projects, water conservancy, transportation facilities, and urban construction reaching 49 billion yuan (US$5.9 billion), up 36 percent year-on-year, while service sector and social welfare investment will total 12 billion yuan (US$1.4 billion), up 44 per cent.

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