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Inner Mongolia

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III. Economy

Inner Mongolia has national iron and steel and coal production bases. In addition, it has industries of forest, farm produce processing, electricity, machinery, chemicals, electronics, textile, sugar, paper making, and light industry. It has a developed agriculture and animal husbandry. The region is a national production base of cash grain, oil, and sugar. It is also an important animal husbandry base, ranking the top among the five major pastoral areas in the country.

GDP: 776.18 billion yuan (2008)

GDP growth rate: 17.2 percent (2008)

Average GDP per capita: 32,214 yuan (2008)

Urban and rural income:

From 1989 to 1997 Inner Mongolia was the poorest in China in terms of the disposable per capita income of urbanites and rural residents. In 1999 it ranked 22nd in the country. In 2000 the disposable per capita income of urbanites and rural residents amounted to 5,120 yuan (US$618), 7.3 percent up over the previous year, a 58.9 percent increase over the end of eighth Five-Year Plan period (1991-95), and averaging an annual increase of 9.7 percent. The average per capita income of rural residents hit 2,050 yuan (US$248), with an annual increasing rate of 5 percent.

GDP ratio (1st, 2nd, and tertiary industries): 11.7:55:33.3 (2008)

Poverty-alleviation plan:

By the end of 2000, Inner Mongolia still had some 804,000 poverty-stricken people without necessary food and clothes and three million in unstable situation. It needs to resettle 200,000 people.

Unemployment rate: 4.1 percent (2008)

Revenues: 110.731 billion yuan (2008)

Foreign trade:

Inner Mongolia has conducted trade, economic and technological cooperation with nearly 100 countries and regions in the world. Its exports come in 1,000 categories. Trade with Russia and Mongolia thrives. During the ninth Five-Year Plan, the region achieved US$7.58 billion in import and export, with an export of US$4.16 billion. In 2000 it obtained US$2 billion in foreign trade, the export being US$1 billion. The region has 18 opening ports, 11 A-grade and 7 C-grade; and 16 development zones, four of state level and 12 of regional level.

Foreign investment:

By the end of 2000, the region had 1,871 foreign invested enterprises and a contracted foreign investment of US$2,559.32 million. It received loans of US$1.72 billion for its 78 projects from international financial organizations and foreign countries, with a total of US$52.78 million from foreign governments for its 43 projects. The projects cover 70-plus counties in the region and involve agriculture, education, health, communications, energy, and environmental protection. Foreign loans account for 5.1 percent of the total fund for fixed asset investment. It has actually utilized 43.14 billion yuan of foreign funds.

Key industries:

Farm production and processing as well as animal husbandry; energy; metallurgy and chemicals.

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