Baotou has been working to promote consumption since the beginning of this year, and the city's economic operation has shown strong development momentum in stable production and consumption recovery.

From January to May, the added value of industries above designated size in the city increased by 17.8 percent year-on-year – the first rebound since the growth trend this year slowed down.

In the same period, the city's fixed asset investment increased by 35 percent year-on-year – 28.8 and 2.8 percentage points higher than the national and regional averages, respectively.

In May, the consumer market gradually resumed normal operations and retail sales of consumer goods of units above designated size decreased by 4.5 percent year-on-year. The decline was 8.5 percentage points lower than that in April, indicating a recovery. From January to May, the city's overall consumer price levels rose by 0.9 percent year-on-year.

From January to April, the city's industrial raw coal output above designated size was 7.48 million metric tons, a year-on-year increase of 23.5 percent, and raw coal production maintained rapid growth.

In general, the city's economy operated steadily from January to May. Next, Baotou will consolidate its foundation for investment and development, implement a bailout policy to help enterprises, and work to ensure the development of the economy.

Source: http://innermongolia.chinadaily.com.cn/baotou/2022-06/27/c_784529.htm