Inner Mongolia's GDP achieves positive growth in 2020
The fourth session of the 13th People's Congress of Inner Mongolia autonomous region is held in the capital, Hohhot. [Photo/Inner Mongolia Daily]
North China's Inner Mongolia autonomous region released its 2020 National Economic and Social Development Plan Implementation Report at the fourth session of the 13th People's Congress of Inner Mongolia autonomous region, which is currently being held in its capital city of Hohhot.
Statistics from the report showed that the Gross Domestic Product of Inner Mongolia reached 1.74 trillion yuan ($150.03 billion) in 2020, turning the previous year's negative trend to a positive growth rate and achieving an increase of 0.2 percent year-on-year.
Per capita disposable income of all residents increased by 3.1 percent last year, the numbers showed.
A total of 232,000 people were employed in urban areas, exceeding the annual target set in the 2020 National Economic and Social Development Plan.
Inner Mongolia's urban registered unemployment rate was 3.8 percent and the consumer price index rose by 1.9 percent, all within the control target range determined at the start of the year.
Meanwhile, Inner Mongolia's general public budget revenue totaled 673.26 billion yuan and its general public budget expenditure came in at 630.66 billion yuan.
In 2021, Inner Mongolia's GDP is expected to grow by about 6 percent. Residents’ income is anticipated to grow steadily, while further improvements will be made to the environment.
Energy consumption during the current year is expected to decline by 3 percent and the discharge of major pollutants will continue to fall.