A production test line operated by Inner Mongolia Steeling Goldstone Mineral Processing Co is located in Bayan Obo mining district of Baotou city. [Photo/WeChat account of Baotou Broadcast and TV Station]

The overall investment picture in the city of Baotou – located in Inner Mongolia autonomous region – is estimated to have improved substantially in recent years, with various districts on the up in particular.

The Bayan Obo mining district is understood to have innovated in terms of its investment promotions – establishing a library for planning projects, among other things.

It has also formed four investment promotion categories – for the rare earth industry, the fluorite fluorine chemical sector, the utilization of mineral resources and for the clean energy sector.

In the year to date, the district has signed up four projects worth 1.15 billion yuan ($180.98 million) and two projects have been implemented – double the funding in the same period last year.

The Rare Earth High-tech Industrial Development Zone is understood to have helped enterprises stabilize their orders, grow their production and expand markets. At the same time, it has conducted efforts to support a modern industrial ecosystem.

In addition, the zone has developed such emerging industries as the solar power sector and the digital economy. It has, moreover, accelerated the upgrading of the non-ferrous metal material industry and the equipment manufacturing industry – as well as promoted the integration of advanced manufacturing and the modern service industries.

To top it off, the zone has continued to promote key follow-up projects, with its silicon materials phase II project having signed an investment agreement. 

The zone has signed 15 projects with a planned investment of 14.12 billion yuan this year to now.