Business environment

Hohhot is a rising star in northwest China and attracts an increasing number of people to invest and live here.

During the first half of 2017, the economy in Hohhot maintained a medium-high growth with an average growth of GDP at 7.3 percent, industrial added value at 5.2 percent, fixed asset investment at 16.5 percent, retail sales at 8.8 percent, and of per capita incomes of urban people at 8.3, and rural people at 7.8percent.

Four reasons contribute to Hohhot's outstanding performance in economic development.

Strategic geographic location

Hohhot is the capital of Inner Mongolia autonomous region, a political, economic, cultural, scientific, technological, educational and financial center, a national tourism city, and also the first national forest city in West China. It is 460 km from Beijing and is covered by the strategies of the Bohai Economic Rim, Western Development, and Revitalizing Old Industrial Bases of Northeast China, and the Hohhot-Baotou-Ordos-Yulin economic region.

There are 45 national highways crossing the city, a 4E-level Hohhot Baita Airport with 151 routes to cities around the world, and a high-speed railway under construction to reach Beijing in three hours. 

Valuable natural resources

Hohhot is also advantageous in water, electricity, coal, gas and land. With 37.5 kilometers of the Yellow River flowing through the city, it is approved to draw 400,000 tons of water a day. The total installed capacity in power generation reached 44.25 billion kilowatts, of which 1.29 billion kilowatts are from wind power and 1.23 billion kilowatts from solar power

The Jungar Coalfield, 100 kilometers away, has proven reserves of 54 billion tons and an annual exploration of 100 million tons. Its quality coal is sold at 350 to 500 yuan per ton.

The 300-kilometer-away Sulige gas field, known as China's largest complete gas field, has proved reserves of 602.5 billion cubic meters and an annual gas supply to Hohhot of 950 million cubic meters. 

Favorable investment environment

As a provincial capital, it is also developed in commerce, logistics, conferences and exhibitions, medical care, tourism, culture and entertainment.

With abundant land resources, the city has planned 240 square kilometers for development zones, of which 40 square kilometers are already in use. 

Talents

Hohhot has more than 70 percent of Inner Mongolia's senior education resources and 40 percent of its scientific and technological resources, gathering technologies and talented personnel and meeting companies' needs for different levels of talent.