Ordos economy achieves stable growth in first 2 months

From January to February this year, the economy of Ordos city, in North China's Inner Mongolia autonomous region, maintained a momentum of steady growth and progress.

In the first two months of this year, the added value of the city's industrial enterprises above designated size increased by 5.8 percent year-on-year.

Among them, the added value of the mining industry increased by 7.4 percent year-on-year, and the added value of the production and supply of electricity, heat, gas and water increased by 7.7 percent year-on-year.

During the same period, the city's energy industry grew by 7.4 percent compared to the same period from last year. This was 1.6 percentage points higher than the growth rate of the designated industrial industry, and accounted for 88 percent of the added value of the designated industrial industry.

In the first two months of this year, the number of private industrial enterprises above designated size in the city reached 461, an increase of 62 compared with the same period last year.

The added value of small and micro-sized industrial enterprises in the city increased by 10.5 percent, which was 4.7 percentage points higher than the growth rate of the city's industrial enterprises above designated size.

Moreover, from January to February, the city's investment in fixed assets increased by 41.1 percent year-on-year.

Of which, investment in the primary industry increased by 118.2 percent year-on-year; investment in the secondary industry increased by 59.0 percent, which was 17.9 percentage points higher than the investment growth rate of the city and drove the growth of all investments by 42.8 percentage points.

Moreover, during this period, investment in high-tech manufacturing in Ordos surged, and investment in the field of new energy continued to increase.

From January to February, Ordos' high-tech manufacturing industry saw a 221.1 percent increase in investments year-on-year, driving investment in the manufacturing industry to increase by 7.6 percentage points.

Investment in the new energy industry increased by 482.2 percent year-on-year, driving the growth rate of all investments by 20.9 percentage points.

Additionally, from January to February, the city's consumer goods market achieved a good start, with retail sales of consumer goods reaching 10.40 billion yuan ($1.49 billion), a year-on-year increase of 7.2 percent.