The two growth rates were higher than the national average during the same period, and market consumption steadily recovered. In the first seven months, Inner Mongolia's economic performance was good.
2024-08-17
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On August 16, the Inner Mongolia Autonomous Region Statistics Bureau released a statistical bulletin showing that from January to July this year, the growth rates of Inner Mongolia's industrial added value and fixed asset investment (year-on-year) were higher than the national average for the same period, market consumption has steadily recovered, and the region's economic operation momentum is good.
Since the beginning of this year, the whole region has thoroughly implemented the important instructions of General Secretary Xi Jinping to Inner Mongolia, taking the forging of a strong sense of community for the Chinese nation as the main line of work, focusing on the "five major tasks", and accelerating the implementation of the "six projects" to promote the stable operation of the autonomous region's economy while focusing on stabilizing growth, expanding demand, and cultivating momentum.
In promoting the development of the industrial economy, Inner Mongolia has taken the promotion of new industrialization as an important breakthrough, supported the comprehensive utilization of industrial solid waste resources, continued to cultivate and extend the industrial chain, accelerated the construction of a modern energy industrial system, supported corporate technological innovation and industrial parks to improve quality and efficiency, and created conditions for the high-quality development of the region's industrial economy. Since the beginning of this year, Inner Mongolia's first low-altitude economic equipment manufacturing industrial park has opened, Shandong Energy Group Rongxin Chemical's 800,000 tons of olefins project has started in Inner Mongolia, and Tongliao City's 2.38 million kilowatt wind power base project has been fully connected to the grid... Driven by many high-quality industrial projects, from January to July this year, the region's industrial added value above designated size increased by 7.7% year-on-year, 1.8 percentage points higher than the national average for the same period.
In promoting high-quality growth of fixed asset investment, Inner Mongolia has targeted project reserves, continued to carry out targeted investment promotion, especially continued to focus on investment promotion for major projects, and promoted the transformation of policies into real productivity. The construction site of the bio-based new materials project with a total investment of 4 billion yuan in Xing'an League is very busy. Wang Fuwei, the project leader, introduced that after the completion of the three phases of the project, 800,000 tons of corn will be digested annually, 600,000 tons of bio-based new materials will be produced annually, and the annual output value will be 5.8 billion yuan. At the same time, the construction progress of the Inner Mongolia section of the Ji-Da-Yuan high-speed railway project has accelerated, and the track laying of the Inner Mongolia section of the Baotou-Yinchuan high-speed railway has begun. my country's first 10,000-ton new energy hydrogen production project has landed in Ordos City and successfully produced green hydrogen... Driven by high-quality investment projects dominated by major projects, from January to July this year, the region's fixed asset investment (excluding farmers) increased by 10.9% year-on-year, 7.3 percentage points higher than the national average for the same period.
In promoting the recovery of market consumption, Inner Mongolia has introduced a series of policies and measures to vigorously promote cultural tourism consumption, vigorously develop elderly care services, new energy operation and maintenance, logistics warehousing and transportation, and other service industries that can not only drive investment in related fields but also stimulate potential consumer demand, and issue subsidies to promote the replacement of old cars and home appliances with new ones, and continue to tap consumption potential. From January to July this year, the total retail sales of consumer goods in the region was 297.16 billion yuan, a year-on-year increase of 3.0%, and the growth rate was 0.2 percentage points faster than from January to June.
"In general, from January to July, the region's economic operation was generally stable, with good development momentum, and solid progress in high-quality economic development," said Cao Yongping, senior economist at the Regional Macroeconomic Research Center. (Reporter Yang Wei from Inner Mongolia Daily and Grassland Cloud)
Source: Grassland Cloud
