Baotou in North China's Inner Mongolia autonomous region received a total investment of 439.4 billion yuan ($6.14 billion) in 411 key industrial projects from January to July, with 360 projects resuming, involving an investment of 97.1 billion yuan.

All projects in six banners, counties, and districts have now resumed, with the Rare Earth High-Tech Industrial Development Zone, Qingshan district, and Tumd Right Banner leading in investment completion volume and rate. Hondlon district has also accelerated the construction and operation of existing projects.

Forty projects in the crystalline silicon photovoltaic sector have resumed with an investment of 25.8 billion yuan; 63 projects in the rare earth industry have resumed with an investment of 8.6 billion yuan; and eight projects in the wind power equipment industry have resumed with an investment of 1.1 billion yuan.

The projects of five strategic emerging industries, including hydrogen energy and high-performance fiber materials, are progressing smoothly. 

The steel, aluminum, and copper industries, recognized for their superior characteristics, have had high resumption rates and investment completion rates.

Traditional industries, such as mining, and emerging industries like high-end equipment manufacturing, have steadily advanced. Industrial technological transformation projects are also showing steady progress, with the Qingshan and Donghe districts performing well.

Some projects still face challenges such as funding shortages. To address this, Baotou will focus on major projects, solve enterprise problems, and seize the opportunity of Baotou being a pilot city of technological transformation for the manufacturing industry to plan future projects.

Workers inspect rails at a Baogang Group production workshop. [Photo/Baotou news network]