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Inner Mongolia's economy sees positive growth in Q1

2021-04-21 (chinadaily.com.cn)

In the first quarter of this year, the leading economic indicators of North China's Inner Mongolia autonomous region improved significantly, showing a steady recovery of economic operations in the new year. 

During the period, Inner Mongolia's GDP reached 422.26 billion yuan ($63.35 billion), a year-on-year increase of 15.2 percent.

Among the economic indicators, the added value of the primary industry was 15.51 billion yuan, increasing 9.1 percent year-on-year; the added value of the secondary industry was 178.18 billion yuan, a year-on-year increase of 16.1 percent; and the added value of the tertiary industry was 228.57 billion yuan, increasing 15 percent year-on-year.

In the first three months of 2021, Inner Mongolia's industrial production grew steadily and the pace of transformation and upgrading accelerated.

The added value of industries above designated size in Inner Mongolia increased by more than 16 percent year-on-year. The growth rate of the manufacturing industry's added value exceeded 21 percent.

The added value of strategic emerging industries above designated size increased by more than 19 percent year-on-year.

Meanwhile, from January to March, fixed-asset investments in Inner Mongolia increased by more than 70 percent year-on-year.

The consumer market continued to recover, and online shopping maintained strong development momentum. 

In the first quarter, the total retail sales of consumer goods in Inner Mongolia amounted to 116.61 billion yuan, a year-on-year increase of 25.6 percent. The retail sales of consumer goods in urban areas increased by 26.6 percent, while sales in rural areas increased by 19.1 percent. 

Additionally, the per capita disposable income of all residents in Inner Mongolia in the first quarter was 9,089 yuan, a year-on-year increase of 15.9 percent.