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Ordos' economy experiences positive growth in Jan-Feb

Updated: 2021-03-31 (chinadaily.com.cn) Print

From January to February, the leading economic indicators of Ordos city in North China's Inner Mongolia autonomous region improved, showing a steady recovery of economic operations in the new year.

The added value of industrial enterprises above designated size in Ordos increased by 32.9 percent year-on-year in the first two months of 2021, ranking third in the autonomous region. 

Among the 12 main industries in the city, 10 have maintained positive growth in added value.

Among them, the pharmaceutical manufacturing industry's added value increased by 2.1 times year-on-year, the added value of the coal industry increased by 42.6 percent, and the added value of the chemical raw materials and chemical products industry increased by 19.0 percent.

Ordos' production and supply of electricity and heat increased by 15.7 percent. Also, the textile industry, non-metallic mineral products, petroleum processing and coking, the natural gas industry and equipment manufacturing industry grew by 38.3 percent, 67.3 percent, 30.1 percent, 18.8 percent and 96.4 percent year-on-year, respectively. 

From January to February, the city's main industrial products grew rapidly. 

In terms of energy products, the output of raw coal above designated size was 104.94 million metric tons, a year-on-year increase of 35.7 percent. The city's total power generation was 20.96 billion kWh, an increase of 18.5 percent.

In other manufacturing industries, the output of automobiles increased by 151.9 percent, cashmere sweaters increased by 69.4 percent, and LCD screens increased by 149.4 percent.

Meanwhile, in the first two months, the city's fixed-asset investment increased by 75.5 percent year-on-year, ranking fifth across cities and leagues in Inner Mongolia. 

Investments in the primary industry increased by 884.3 percent year-on-year, while the secondary industry increased by 87.3 percent and the tertiary industry increased by 34.9 percent.

From January to February, the city's total retail sales of consumer goods reached 9.03 billion yuan ($1.34 billion), a year-on-year increase of 32.4 percent and ranking first in Inner Mongolia. The growth rate was 4.1 percentage points higher than the autonomous region's average.