Key economic indicators in Hohhot city post growth in Q1-3

A beacon of growth: Hohhot city at night. [Photo/Hohhot news network]

The city of Hohhot – capital of North China's Inner Mongolia autonomous region – recorded overall positive growth in its major economic indicators for the first three quarters of the year.

According to official data, the city's GDP hit 271.9 billion yuan ($37.17 billion) during the period, representing a 9.7 percent year-on-year increase when calculated at constant prices.

The industrial sector played a very significant role, contributing 40.6 percent to the overall economic growth, a notable increase of 21.7 percentage points compared with the same period in the previous year.

Investment efficiency improved, with industrial investment accounting for 37.4 percent of total investment, an increase of 11.6 percentage points year-on-year.

Additionally, consumption expanded and upgraded, with new consumption patterns and scenarios emerging. Retail sales of new energy vehicles increased 1.6 times, while online retail sales of physical goods surged by 98.6 percent.

These new consumption trends accounted for 20.1 percent of the total consumer goods sales.

The scale of large-scale industry also saw impressive growth, with a year-on-year increase of 22.6 percent. The food manufacturing industry experienced a 28.4 percent increase in value-added, with a 17.8 percent increase in dairy product output.

During the period, investments in new energy industries surged by five times, while environmental protection and ecological governance investments grew by 25.3 percent.