BEIJING, March 1, 2017 /PRNewswire/ -- Central Enterprises (the state-owned enterprises supervised and managed by the central government of China) are launching a new round of investments in Inner Mongolia. An informal meeting outlining the cooperation between the Inner Mongolia Autonomous Region and Central Enterprises was held in Beijing on Feb. 27, in which 64 Central Enterprises signed contracts for 88 major projects in Inner Mongolia, amounting to a total investment of RMB 402 billion Yuan.
In recent years, Inner Mongolia has been taking a lead on a national scale in such industries as energy, chemicals, agricultural and animal products, and cloud computing, showing positive development trends and promising prospects, and attracting increased favor and attention from investors.
When addressing the informal meeting, Li Jiheng, Secretary of the CPC Committee of the Inner Mongolia Autonomous Region, pointed out that Inner Mongolia boasts a vast territory, abundant resources, an advantageous location, picturesque natural landscapes, a long history and culture, and rich ethnic customs, displaying its prosperity and vitality in all aspects of life. Inner Mongolia has a number of development programs in place, such as the building of the "seven networks", the development of the "seven industries" and the construction of the Horinger New District, all of which represent huge business opportunities and a driving force for modernization. Inner Mongolia will do its best to provide the investing enterprises with a first-class business environment, and hopefully all enterprises will look upon Inner Mongolia as an important destination for their investments.
Hao Peng, Secretary of the CPC Committee of the State-owned Assets Supervision and Administration Commission under the State Council, expressed his belief that Inner Mongolia, as a nationally important energy resource base, an ecological security screen and a secure shelter, will play an increasingly prominent role in guaranteeing the economic and social development of the nation. "Hopefully Central Enterprises can grasp these opportunities and take the initiative to strengthen the strategic cooperation with Inner Mongolia at a higher level and across a broader field; the companies should ensure their own development while pushing the economic development of Inner Mongolia to a new level."
During the informal meeting, managers of a number of enterprises explained that at present, Inner Mongolia is undergoing a key transition from the old ways of development to a new model, building a modern support engine. Therefore, Inner Mongolia will present a broad platform for investment cooperation in fields such as new energies, advanced materials, energy saving, environmental protection, high-end equipment, big data cloud computation, bio technology, traditional Inner Mongolian medicine and "Tourism +".
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/central-enterprises-launch-a-new-wave-of-investments-in-inner-mongolia-signing-contracts-worth-rmb-402-billion-yuan-at-an-informal-meeting-300415807.html
SOURCE The People's Government of Inner Mongolia Autonomous Region