The Baotou Rare Earth High-tech Industrial Development Zone has been working to create a first-class business environment and promote investment since the beginning of this year.

The zone is focusing on top industries such as new rare earth materials, aluminum and copper deep processing, and modern equipment manufacturing, especially Fortune Global 500 and China's leading enterprises, and carrying out targeted investment in full-factor industrial chains.

The area has sorted out leading enterprises in emerging industries such as pets and semi-finished cuisines and is actively cooperated with them. As a result, the city has maintained rapid growth in various investment indicators.

A total of 321 enterprises, scientific research institutes, associations and chambers of commerce connected with Baotou in the first half of the year, and agreements for 94 projects were signed – including the Wuyue Plaza, Shuangliang Monocrystalline Silicon Phase II, and Jinli Permanent Magnet Phase II – with a total investment of 57.21 billion yuan ($8.48 billion), achieving 71.5 percent of the annual target.