Inner Mongolia’s foreign investment increases 9.4% in first 9 months

(chinadaily.com.cn)

Updated: 2015-10-14

North China’s Inner Mongolia autonomous region approved 35 foreign-invested enterprises in this year’s first nine months, increasing 9.4 percent year-on-year.

Among the newly approved companies, 19 are Sino-foreign joint ventures, two are cooperative ones and 14 wholly foreign-owned. A total of $1.46 billion foreign investment was used in this period, up 35.2 percent from the same period last year. Most of the investment came from Hong Kong, South Korea and Russia and went into industries such as mining, manufacturing, power and water supply.

The cities of Ordos, Hohhot, Baotou, Bayanur and Hulunbuir are the main destinations of the foreign investment.