Baotou high-tech district marks new progress in 2017

Baotou Rare Earth High-Tech Industrial Development Zone of Baotou, North China’s Inner Mongolia autonomous region, marked new progress in 2017 with fixed asset investment totaling 47.56 billion yuan ($7.52 billion), according to a work conference held recently in the zone.

Investment in industrial fixed assets reached 26.72 billion yuan, ranking first in Baotou city.

General public budget revenue hit 2.45 billion yuan in 2017, ranking first in Baotou city.

The per capita disposable annual income of urban households hit 47,025 yuan, representing year-on-year growth of 8 percent.

Approved by the State Council in 1992, the district is the only high-tech district dedicated to the rare earth industry among China’s 53 national high-tech zones, and is the only national-level high-tech zone in Inner Mongolia autonomous region.

The district has also been making strides in promoting innovation and entrepreneurship with steps including setting up incubators, and hosting innovation competitions.

Baotou Rare Earth High-Tech Industrial Development Zone of Baotou, North China’s Inner Mongolia autonomous region, hosts a work conference. [Photo/bt.wenming.cn]

More than 3,000 companies have been launched in the high-tech district, including 22 companies owned by listed enterprises or which have received investment from them. It also contains 50 foreign-funded enterprises. [Photo/bt.wenming.cn]