Investing in Inner Mongolia
Located in the utmost North of China, Inner Mongolia is an autonomous region with a very high endowment of natural resources, including minerals, vast deposits of rare earths, and coal. These natural characteristics have led to the development of a strong steel, mining and electricity industries. Further, cattle farming and related industries are highly important. The Autonomous Region has 24 million inhabitants and extends over an area of 1,183,000 km2; its capital is Hohhot.
Local authority data shows that Inner Mongolia recorded total exports of USD 5 billion and total imports of USD 9 billion, with 3,511 established foreign investment companies. In addition to an average urban salary of USD 11,158.
In terms of GDP, Inner Mongolia ranks 22nd in China, reaching USD 251 billion in 2020 and USD 247 billion in 2019 with a GDP per capita of USD 9,906. Along with GDP growth of +5.2% in 2019 and +0.2% in 2020.
Main Economic Centers (GDP) in Inner Mongolia
Ordos (USD 55 billion)
Baotou (USD 43 billion)
Hohhot (USD 42 billion)
Chifeng (USD 23 billion)
Tongliao (USD 19 billion)
Main Sectors in Inner Mongolia
Main Industrial Areas in Inner Mongolia
Hohhot Economic and Technological Development Zone
Hulunbuir Economic and Technological Development Zone
Bayannaoer Economic and Technological Development Zone
Hohhot Jinshan High-tech Industrial Development Zone
Baotou Rare Earth High-tech Industrial Development Zone
Ordos High-tech Industrial Development Zone
Hohhot Export Processing Zone
Ordos Comprehensive Bonded Zone
Manzhouli Comprehensive Bonded Zone
Manzhouli Border Economic Cooperation Zone