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Ordos economy rebounds quickly

Updated: 2021-07-23 (chinadaily.com.cn) Print

The economy of Ordos in North China's Inner Mongolia autonomous region witnessed stable growth in the first half of 2021 despite the lingering impact of the novel coronavirus outbreak.

Statistics show that from January to June, the city's regional GDP reached 203.99 billion yuan ($30.61 billion), an increase of 11.1 percent year-on-year.

The added value of primary industry was 1.91 billion yuan, a year-on-year increase of 3.8 percent, the added value of secondary industry reached 124.33 billion yuan, a year-on-year increase of 10.0 percent, and the added value of tertiary industry was 77.75 billion yuan, a year-on-year increase of 12.9 percent.

Meanwhile, the added value of 474 industrial enterprises above designated size increased by 10.2 percent year-on-year, ranking 6th among all leagues and cities in the region and down 2.6 percent from the same period in 2019.

The city's fixed-asset investment increased steadily, with a year-on-year increase of 53.5 percent, ranking second in Inner Mongolia with an increase of 2.4 percent over 2019.

Investment in the primary, secondary, and tertiary industries increased by 446.4 percent, 52.9 percent, and 47.9 percent, respectively.

The vitality of social consumption in Ordos was effectively released, and emerging consumption saw strong growth as well.

From January to June, the city’s total retail sales of consumer goods were valued at 26.43 billion yuan, ranking fourth in Inner Mongolia and representing a year-on-year increase of 14.9 percent.

Additionally, the city's general public budget revenue reached 27.38 billion yuan, ranking first in Inner Mongolia with a year-on-year increase of 28.7 percent.

The per capita disposable income of urban residents reached 26,731 yuan, while that of residents in rural areas reached 9,686 yuan.