Central Enterprises (the state-owned enterprises supervised and managed by the
central government of China) are launching a new round of investments in Inner
Mongolia. An informal meeting outlining the cooperation between the Inner
Mongolia Autonomous Region and Central Enterprises was held in Beijing on Feb.
27, in which 64 Central Enterprises signed contracts for 88 major projects in
Inner Mongolia, amounting to a total investment of RMB 402 billion Yuan.
In recent years, Inner Mongolia has been taking a lead on a national scale in
such industries as energy, chemicals, agricultural and animal products, and
cloud computing, showing positive development trends and promising prospects,
and attracting increased favor and attention from investors.
When addressing the informal meeting, Li Jiheng, Secretary of the CPC Committee
of the Inner Mongolia Autonomous Region, pointed out that Inner Mongolia boasts
a vast territory, abundant resources, an advantageous location, picturesque
natural landscapes, a long history and culture, and rich ethnic customs,
displaying its prosperity and vitality in all aspects of life. Inner Mongolia
has a number of development programs in place, such as the building of the
"seven networks", the development of the "seven industries" and the
construction of the Horinger New District, all of which represent huge business
opportunities and a driving force for modernization. Inner Mongolia will do its
best to provide the investing enterprises with a first-class business
environment, and hopefully all enterprises will look upon Inner Mongolia as an
important destination for their investments.
Hao Peng, Secretary of the CPC Committee of the State-owned Assets Supervision
and Administration Commission under the State Council, expressed his belief
that Inner Mongolia, as a nationally important energy resource base, an
ecological security screen and a secure shelter, will play an increasingly
prominent role in guaranteeing the economic and social development of the
nation. "Hopefully Central Enterprises can grasp these opportunities and take
the initiative to strengthen the strategic cooperation with Inner Mongolia at a
higher level and across a broader field; the companies should ensure their own
development while pushing the economic development of Inner Mongolia to a new
During the informal meeting, managers of a number of enterprises explained that
at present, Inner Mongolia is undergoing a key transition from the old ways of
development to a new model, building a modern support engine. Therefore, Inner
Mongolia will present a broad platform for investment cooperation in fields
such as new energies, advanced materials, energy saving, environmental
protection, high-end equipment, big data cloud computation, bio technology,
traditional Inner Mongolian medicine and "Tourism +".
Source: The People's Government of Inner Mongolia Autonomous Region
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