Over the past few years, Ordos city in North China's Inner Mongolia autonomous region has been optimizing its business environment, and achieved strong results in promoting its "Investing in Ordos" brand.
A project is under construction in Ordos. [Photo/Nuan news]
At the beginning of 2024, a wave of project construction has swept through various parts of Ordos. In the first quarter, Ordos attracted 426 major projects, with 356 projects commencing or resuming construction. Fixed asset investment increased 46.4 percent year-on-year, with manufacturing investment up 171.4 percent. Investment in projects worth more than 100 million yuan ($13.84 million) surged 57.5 percent year-on-year, accounting for 87.4 percent of total investment and maintaining the city's leading position in the region.
Work on major projects, such as the JA Solar Energy Full Industry Chain Low-Carbon Demonstration Base in Dongsheng district with a total investment of 28 billion yuan, the world's largest single-plant scale petrochemical project in Uxin Banner with a total investment of 67.3 billion yuan, and a 4-gigawatt new energy project in Otog Front Banner with a total investment of 21.84 billion yuan, is progressing smoothly.
In order to boost its business environment, Ordos has launched the "Nuancheng Wuxin" business environment brand, offering supportive policies, hassle-free services, secure investment environment, warm services, and comfortable living conditions.
Moreover, the city's leaders have been leading delegations to developed areas such as Beijing, Hangzhou, Shanghai, Shenzhen, and Hong Kong to attract investment. Over the past three years, 50 top 500 companies in various industries have invested and established a presence in Ordos, with 157,000 new market entities. The city has maintained a growth rate of more than 20 percent in fixed asset investment for 39 consecutive months. These achievements led to a 66-percent increase in the city's GDP over the past three years.