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Inner Mongolia Attracts More Overseas Funds
The Inner Mongolia Autonomous Region, north China, reported increasing overseas investment in the first six months this year, statistics show.
According to the office in charge of the region's opening-up to the outside, the region attracted more than 180 million US dollars of overseas investment in the January-June period.
Of the total figure, more than 120 million US dollars are in the form of stocks, loans and financial assistance, up 5 percent from the same period last year; and the used amount of overseas investment was 60 million US dollars, an increase of 11 percent over last year's corresponding period.
Statistics also show that the investment from Hong Kong accounted for 53 percent of the used amount; the US ranked second in funding, with 21 percent.
Moreover, the region also introduced 6.5 billion yuan from other parts of the country in the first six months.
Sources in the office said that the region, rich in natural resources, will work out new preferential policies to attract more overseas money.
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