North China's Inner Mongolia autonomous region signed 22 cooperation projects that are worth more than 27.8 billion yuan ($3.97 billion) in Qingdao city, East China's Shandong province, on Dec 18.

These projects cover fields such as strategic emerging industries, equipment manufacturing, modern agriculture and animal husbandry, modern services, metallurgical industries, energy conservation and environmental protection.

Inner Mongolia possesses an advantageous location. It straddles northern, northeastern and northwestern China. It adjoins eight provinces, borders Mongolia and Russia in the north, and is close to the Beijing-Tianjin-Hebei region.

According to Li Jun, deputy director of the region’s department of commerce, Inner Mongolia provides a broad space for investors to make better use of domestic and international markets and to utilize resources to seek cooperation and development.  

In recent years, Inner Mongolia has embraced the reform of administrative decentralization, regulations and services to continuously optimize its business environment.

In order to improve government services for market entities, Inner Mongolia has accelerated all business-related services and online processing to ensure that enterprises and the public can finish their business application in one visit.

Inner Mongolia is the only one in the country that enjoys preferential policies for the three major regional development strategies: Western Development, Northeast China Vitalization, and ecological protection of the Yellow River Basin.

While enjoying national preferential policies, Inner Mongolia has successively issued a series of policies for promoting high-quality industrial development while maintaining stability. It will continue promoting the high-quality development of the service industry, stabilizing the economy, and promoting the revitalization of the dairy industry.