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Inner Mongolia Witnesses Five-Year Foreign Trade Boom
The Inner Mongolia Autonomous Region saw a 13-percent increase in its annual import and export over the past five years, statistics show.
The gross volume topped US$7.6 billion, 54 percent more than the preceding five-year period.
A total of 480 overseas-funded enterprises were approved in the past five years and US$400 million of overseas funds were used, up five percent and 62 percent, respectively, from the previous 5-year period.
According to officials, overseas investors have shifted their focus on high-tech projects from the raw materials processing sector.
The region has opened 18 border ports for foreign trading. In the past five years, cargo throughput via these ports totaled 20 million tons and passenger throughput 5.7 million, up 145 percent and 135 percent, respectively, from the previous five years.
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