Hohhot reports sound economic development in 2021



The wind power industry in Hohhot is flying high, undergoing rapid development. [Photo/Hohhot Daily]

The city of Hohhot in North China's Inner Mongolia autonomous region got top marks in economic and social achievements in 2021, according to the city's statistics bureau. 

In 2021, the gross domestic product or GDP of Inner Mongolia's capital hit 312.14 billion yuan ($49 billion), a year-on-year increase of 6.5 percent, ranking Hohhot third in the autonomous region.

Last year, the added value of the primary industry was 13.71 billion yuan, a year-on-year increase of 3.8 percent. The added value of the secondary industry was 105.26 billion yuan, up 7.9 percent, while the added value of the tertiary industry came in at 193.17 billion yuan, a gain of 6 percent.

During the period, the added value of small and micro-sized enterprises in industries above a designated size in the city – those with annual revenue of 20 million yuan or more – increased by 3 percent year-on-year.

In addition, there were 59,944 new business entities – ranging from sole traders to large companies – a year-on-year increase of 18.7 percent and ranking Hohhot second in the autonomous region in terms of the total number of market players and the growth rate.

Moreover, the pace of stable investment is said to have accelerated, with the industrial supply chain continuing to be extended in the city.

In 2021, fixed asset investment increased by 12.3 percent year-on-year and investment in high-tech manufacturing accounted for 5.8 percent of the total amount.

The operating income and total profit of industrial enterprises above a designated size in the city also recorded healthy growth.

At the end of November, the operating income of industrial enterprises above a designated size increased by 26.6 percentage points year-on-year, while the total profit of industrial enterprises above a designated size increased by 20.1 percent.