Baotou research and development investments in 2024 totaled 7.63 billion yuan ($1.07 billion), ranking first in the Inner Mongolia autonomous region at 35.57 percent. The intensity of R&D investment was 1.67 percent, 0.76 percentage points higher than the regional average.

This year, the Baotou municipal finance bureau continued to optimize the management system for technology investment. By expanding the investment scale, adjusting the investment structure, and innovating investment models, it focused on building a comprehensive, multi-level mechanism to ensure scientific and technological funding, accelerate the transformation of scientific and technological achievements from laboratories to production lines, and activate the innovation momentum.

The city has already obtained 224 million yuan of special funds for science and technology from higher authorities this year, which have been invested in 411 key science and technology projects. The funding covers key areas such as basic research, applied research and development, and the transformation of achievements, providing solid financial support to break through technological bottlenecks and overcome key challenges.

A total of 107 million yuan in innovation-driven development funds has been allocated to support core tasks, such as the development of new quality productive forces and technological breakthroughs, injecting new momentum into the city's high-quality economic development.