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Ordos city's R&D expenditure tops 4 billion yuan in 2021

Updated: 2022-01-07 (chinadaily.com.cn) Print

The city of Ordos in North China's Inner Mongolia autonomous region reportedly now possesses an improved technological innovation environment and reinvigorated tech innovation vitality – in the wake of its authorities rolling out a raft of effective incentive policies and initiatives.

In the first 11 months of 2021, companies with R&D activities that were above a designated size – those with annual sales of 20 million yuan ($3.1 million) or more – reached 133 in the city.

Of these, 122 were manufacturers above a designated size, an increase of 31 over the same period in 2020. In addition, 11 enterprises above a designated size were in the service industry, an increase of four on that in 2020.

From January to November in 2021, the R&D expenditure of enterprises above a designated size in the city topped 4 billion yuan ($600.15 million) –reaching 4.14 billion yuan, a year-on-year increase of 56.7 percent.

It is estimated that the R&D expenditure of the manufacturing industry above a designated size came in at 4.097 billion yuan, a year-on-year increase of 56.88 percent; while that of the service industry above a designated size hit 47 million yuan, a year-on-year increase of 47.04 percent.

Meanwhile, Ordos was home to seven companies with R&D expenditure each exceeding 100 million yuan, an increase of two over the same period previously.

All the investment in R&D research reportedly delivered results and contributed to the city's corporate sector development.

In the first 11 months of 2021, the operating income of high-tech enterprises above a designated size in Ordos reached 147.76 billion yuan, a year-on-year increase of 41.62 percent.

Of these, the operating income of high-tech enterprises in industries above a designated size was 147.22 billion yuan, while that of high-tech enterprises in the service industries above a designated size reached 530 million yuan.

The output value of high-tech enterprises in sectors above a designated size increased by 62.63 percent year-on-year, accounting for 26.5 percent of the total value of industries above a designated size.

 

 


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