Inner Mongolia sees steady growth in Q1

(chinadaily.com.cn)

Updated: 2016-05-27

The statistics bureau of Inner Mongolia reports steady growth in its economy during the January – March period of 2016, with added value output of industries increasing 8 percent, or 2.2 percentage points higher than for the national level.

Its main industries showed the following: energy, with added value output up 5.8 percent; metallurgy and building materials, up 12.4 percent; agriculture and animal product processing, 8.0 percent; equipment manufacturing, 16.1 percent; and high-tech, 15.2 percent.

The quarter showed a year-on-year increase of 13.1 percent, and the region saw a fixed asset investments of 170 billion yuan ($26 billion) in projects worth more than 5 million yuan. At the same time, investment in real estate maintained smooth growth, with a total of 9.7 billion yuan, for a 10.4-percent increase year-on-year, or 3.2 percentage points higher than the nation's average.