Industrial fixed-asset investment cools in Inner Mongolia

(chinadaily.com.cn)

Updated: 2016-08-26

Inner Mongolia’s fixed-asset investment on industry reached 355.09 billion yuan ($53.33 billion), a 1.65 percent year-on-year drop. This accounted for 43.08 percent of the total fixed-assets in the region, which meant a broader 6.02 percent decline in the first seven months of 2016.

From a monetary quantity perspective, Ordos came out on top in the region with 112.28 billion yuan, accounting for 31.62 percent of the total industrial fixed-asset investments.

The cities of Baotou, Tongliao, and Hohhot followed behind, with 76.54 billion yuan, 34.46 billion yuan, and 22.79 billion yuan, respectively. Wuhai came in last with 2.81 billion yuan.

From the perspective of growth speed, six cities exceeded the regional average. They were Xilin Gol League (with an increase of 25.48 percent), Tongliao, Hohhot, Baotou, Alxa League, and Ordos.

Among investments, six major industries accumulated 326.09 billion yuan, a 2.62 percent year-on-year fall, which encompassed more than 91 percent of the sum.

The six featured industries are energy, metallurgy, machinery, chemicals, livestock, and technology.

Among them, the fixed-asset investments in the energy industry were engaged the most, about 110.03 billion yuan, while the technology sector took the smallest amount at 18.41 billion yuan.

Not all industries were down, however, as the metallurgy industry saw a 9.44 percent increase. That being said, the chemical industry fell by almost 40 percent.

From January to July, private investments in industry came to 226.9 billion yuan, a decline of 13.66 percent from a year earlier.

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