Economy overview

(en.nmg.gov.cn)

Updated: 2013-12-17

The Inner Mongolia autonomous region has six industries, each with their own distinct features and advantages, which are playing a key role in development -- energy, metallurgy and construction materials, agricultural and livestock products, chemicals, equipment, and high technology.

Companies in these industries with an annual income above 20 million yuan ($3.3 million) had a combined output of 1.8 trillion yuan ($300 billion), in 2012, a year-on-year increase of 16.3 percent.

The gross industrial output of six fields of industries with distinguished features and comparative advantages reached 624.72 billion yuan ($103 billion), 15.6 percent year on year, taking up 96.2 percent of total output of above-scale industries.

The output value from energy reached 487.6 billion yuan ($80 billion), accounting for 26.8 percent of gross output in the region; output of agricultural and livestock products reached 313.8 billion yuan ($51.6 billion), for 17.3 percent of the region's output overall; the chemical industry accounted for 181.8 billion yuan, amounting to 10 percent of gross regional output; equipment manufacturing was 92.31 billion yuan, for 5.9 percent of gross output; and, hi-tech industry was at 47.95 billion yuan, for 2.6 percent of gross output.

The added value output of Inner Mongolia's primary industries, for 2012, was 130.49 billion yuan, for a 5.8 percent year-on-year increase, with grain output at 25.3 billion kilograms, increased by a record high of 1.42 billion kilograms.

In the area of animal husbandry, the region had 110 million head of livestock, with the figure remaining above 100 million for eight years running. It had 80.7 million head of sheep and 10.16 million head of cattle, with their numbers decreasing in pastoral areas and increasing in farming areas. Meat production reached 2.5 million tons; milk, 9.1 million tons, and eggs, 545,000 tons.

Investment

Inner Mongolia brought in 300 billion yuan in funds from outside the region, in 2011, with 285 billion available, and had more than 1,000 projects with at least 50 million yuan in investment each. Foreign investment in actual use was amounted to $3.84 billion.

From 2007 to 2011, accumulated direct foreign investment reached $15.006 billion. In 2011, the region's export - import business was worth $11.94 billion, with accounting for $4.7 billion, and imports, $7.26 billion. In 2011, the region approved 73 new enterprises with direct foreign backing.