Inner Mongolia’s GDP up 5.5% in Q1

The Information Office of the People's Government of North China's Inner Mongolia autonomous region holds a press conference on April 19 to release a report on the economic performance of the region in the first quarter of 2019. [Photo/people.com.cn]

The GDP of North China's Inner Mongolia autonomous region climbed 5.5 percent year-on-year in the first quarter of 2019, according to official data released by the Information Office of the People's Government of the region on April 19.

The growth rate was 0.9 percent higher than that of the same period last year and 0.2 percent higher than the overall growth rate in 2018, according to the Information Office.

In the first quarter, the region's farming structure was further optimized and livestock and poultry production remained stable.

Industrial production in the region has increased, with the added value of industries above a designated size increasing by 6.6 percent year on year in the first quarter.

The service sector continues to develop, and there is a clear trend of increasing consumption. In the first quarter, tertiary industrial growth accounted for 53.9 percent of total GDP growth.

With support from a series of policies, fixed-asset investments for regional projects receiving over 5 million yuan ($745,900) in investment increased by 4.9 percent year-on-year.

The region's consumer price index (CPI) rose by 1.7 percent year-on-year, with the growth rate dropping by 0.3 percent over the same period of the previous year. This was 0.1 percent lower than the national average.

The per capita disposable income of residents in the region was 8,309 yuan, an increase of 7.7 percent over the same period last year.

The region has also made progress in supply side structural reforms .