Innovation drives growth in Hohhot

May 29, 2024 01:29 PM AEST | By Cision
Follow us on Google News: https://kalkinemedia.com/resources/assets/public/images/google-news.webp

HOHHOT, China, May 29, 2024 /PRNewswire/ -- A news report from chinadaily.com.cn: 

Staff members of the Yili Group, a major dairy producer, monitor production of a dairy factory in real-time at a digital center in Hohhot, Inner Mongolia, in 2022. [Photo provided to China Daily]
Staff members of the Yili Group, a major dairy producer, monitor production of a dairy factory in real-time at a digital center in Hohhot, Inner Mongolia, in 2022. [Photo provided to China Daily]

The city aims to foster high-tech industries for better development

Hohhot, capital of the Inner Mongolia autonomous region, aims to take the lead in fostering new quality productive forces, according to He Haidong, mayor of the city.

In an exclusive interview with China Daily, he said Hohhot has the conditions to spur new quality productive forces, as it has, for example, 70 percent of the higher education institutions in Inner Mongolia, 50 percent of its academic institutes and 30 percent of new and high-tech enterprises.

The region has six pillar industrial clusters: dairy, electronic information and technology, biomedicine, new materials and equipment manufacturing, new energy, and modern chemical industries, he said.

According to the local government work report, the total revenue of the dairy industry in Hohhot exceeded 256 billion yuan ($36.5 billion) last year, up 14 percent year-on-year.

The city also ranked 15th in the country in terms of computing capacity and successfully held the China Green Computing Conference last year.

"Industrial development in Hohhot has followed a more high-end, intelligent and green path in recent years, as it is putting more attention on futuristic industries such as artificial intelligence, commercial aerospace, semiconductors and bioengineering," the mayor said.

He said the city has made efforts to introduce high-end talent, experts and academicians to work in the city, with about 100 arriving in Hohhot every year.

Meanwhile, 53,000 college graduates stayed to work in the city last year, and it hopes to attract 50,000 more this year, he said.

He said the city will offer high-quality jobs, create favorable conditions for entrepreneurship and build "youth residential communities" with high quality and low costs for college graduates so they can stay for the long term and contribute to the building of the city.

Meanwhile, the city has established funds for the development of the six pillar industries, and innovation investment funds to support the development of emerging, futuristic and innovation-driven industries, he said.

It has built a market-oriented and international business environment based on the rule of law and is actively building itself into a model city for the social credit system, the mayor said.

He said the city will also accelerate the building of a new international airport, and plans to increase the number of China-Europe and China-Central Asia freight trains this year, and boost friendly exchanges with sister cities in countries such as Mongolia, Russia and the United States.


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (“Kalkine Media, we or us”), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content.
Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have made reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.

Two ASX Listed Stocks Giving Bullish Indications

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.