One of the facilities at the forefront of the region's thriving digital economy is Hohhot Science and Technology City, as seen here. [Photo/Inner Mongolia Daily]

The digital economy is booming in Hohhot city, capital of North China's Inner Mongolia autonomous region, according to local media reports.

An example of that is the Bank of China Financial Technology Center, currently under construction in the Horinger New Area in Hohhot.

The center – which aims to become China's Financial Cloud Valley – is widely seen as being an important step for the autonomous region in promoting the in-depth integration of modern finance and the digital economy, based on the advantages of digital development.

It is expected to accelerate the agglomeration and development of financial technology companies in the area.

In recent years, the Horinger New Area has used its competitive advantages as an industrial hub to support the construction of a new generation of information infrastructure, while accelerating the introduction of various big data and cloud computing infrastructure projects.

Three major telcos – China Mobile, China Unicom and China Telecom – have established their largest cloud computing data center bases in Horinger. These have attracted enterprises such as Baidu, Alibaba, Tencent, Inspur and Sinopec, as well as the data storage business of national ministries.

At the same time, Hohhot is vigorously supporting technological innovation and industrial applications and promoting the deep integration of the digital economy with the real economy, government governance and people's livelihood services.

Hohhot-based Yili Group is the first dairy enterprise in China to use 5G technology to build a smart dairy industry. It is the first in the sector to establish a product traceability platform and a breast milk research database. This can handle information queries and provide source traceability and destination traceability functionality.