Workers in the workshop belonging to Shixing New Material Technology Co in Jiuyuan district produce full-section welding equipment. [Photo/Baotou news network]

Jiuyuan district in Baotou has been seeing a steady stream of investment and projects recently, as the atmosphere of entrepreneurship and business gets stronger and stronger.

In October this year, two projects of Qingdao Gaotai carbon-carbon composite material and Qingdao Hanhai silicon carbide will be built in Jiuyuan District Silicon-Carbon Material Industrial Park. At that time, the carbon-carbon composite materials produced and the carbon fibers produced will be interoperable.

This year, Jiuyuan has implemented 133 major projects with a total investment of 96.74 billion yuan ($14.54 billion). The projects involve infrastructure, major industries, people's livelihood security and other fields. The large investment volume, excellent project structure will help boost economic development in the district.

The projects have completed 1,034 procedures including project establishment, environmental impact assessment, energy conservation, and water intake, with an overall completion rate of 97.2 percent.

In addition, in the Blue Book of China's Business Environment Report 2021 compiled by the National Development and Reform Commission, Jiuyuan took the lead in Inner Mongolia autonomous region to launch the "small-amount no-application tax rebate" measures and optimize the business environment. It was successfully selected as a typical case.

To date, a total of 118 tax refunds have been processed, worth approximately 196,243 yuan.