Baotou banner records economic growth in Q1

Darhan Muminggan Joint Banner in Baotou, located in northern China’s Inner Mongolia autonomous region, recorded sound economic growth for the first quarter of 2019, with regional GDP showing a year-on-year increase of 5.5 percent, according to the Baotou Daily.

The main driver of growth was the banner’s secondary industry whose added value increased by 9.5 percent, while the added value of the tertiary industry increased by 2.5 percent. The added value of the primary industry was the same as that of the same period last year.

In the first quarter, the industrial added value of the whole banner increased by 9.5 percent year-on-year, an increase of 4.1 percentage points over the same period of the previous year.

Darhan Muminggan Joint Banner of Baotou, in Inner Mongolia autonomous region [Photo provided to chinadaily.com.cn]