N China's Hohhot records economic growth in 2020

2021-07-02 ((en.hhhtnews.com)


Hohhot in Inner Mongolia [Photo provided to chinadaily.com.cn]

Hohhot, capital city of North China's Inner Mongolia autonomous region, recorded economic growth in 2020, with the regional GDP reportedly hitting 280.07 billion yuan ($43.35 billion) and ranking second in the autonomous region, reports Hohhot Daily.

The city's per capita GDP reached 81,656 yuan during the period.

Agricultural production in the city has become fully industrialized. In 2020, the city's large-scale breeding level reached 97 percent. Hohhot's grain output reached 1.74 million metric tons in 2020, an average annual increase of 4.4 percent.

The city has been making good progress in the development of Yili Modern Smart Health Valley, accelerating the upgrading of the dairy industry's structure, as well as boosting the scale and professionalism of the sector, in order to develop itself into an upgraded version of "China's Dairy City".

Throughout the year, the output value of the city's strategic emerging industries and high-tech manufacturing industries accounted for 19.0 percent and 5.9 percent of the industries above a designated size, respectively.

The new energy and new material industries represented by the silicon industry hit a record high. At present, the city's annual monocrystalline silicon production capacity stands at 55 gigawatts, with a global market share of more than 50 percent. It is the world's largest production base for high-efficiency solar monocrystalline silicon.

In 2020, the output value of the city's biomedical manufacturing industry increased by 1.7 times compared with 2016, accounting for 45.8 percent of the pharmaceutical industry.

The city actively promoted the rapid development of its modern service industry. Compared with 2015, the operating income of the service industry above designated size in the city increased by 24.36 billion yuan in 2020, with an average annual growth rate of 9.2 percent.