II . Economy

(i) Data on GDP

In 2005 GDP in IMAR came to RMB 389.5 billion yuan with GDP per person being RMB 16,331 yuan, which equals $ 2,028 dollars by the current exchange rate. The industrial structures have been further optimized, and the proportions of the primary industry, the secondary industry and the tertiary industry are 15.7∶44.1∶40.2, achieving the total output values of RMB, 58.97 billion yuan, RMB 177.32 billion yuan and 153.28 billion yuan respectively.

(ii) Main Industries and Resources Resources

IMAR is abundant in mineral resources, over 120 kinds of which have been discovered and 78 kinds of deposits have been proven. The proven deposits of pyrite, rare earth, niobium, beryllium, zirconium, ice-land spar, vermiculite and agate rank the first in the country. The deposits of the following elements holds an important position in China: chromium iron, copper, lead, zinc, tungsten, molybdenum, manganese, gold, silver, fluorite, limestone, petroleum, black lead, gypsum, rock quartz and brim stone. Especially, the coal deposits are greatly sufficient. The accumulated proven deposits of 240.0 billion tons make up 25% of the country’s total amount, raking the second in the country. The rare earth is unique and enjoys reputation at home and abroad. The proven deposits of rare earth oxide accounts for 90%, holding the first place worldwide. Wind energy resource is abundant at home, which is equal to 5.4 billion KW, accouting for more than 30% of that of the country.

(iii) Data on Agriculture and Industry

Agriculture

In 2005 the total area under crops throughout IMAR was 6.216 million hectares, of which the sown grain area was 4.374 million hectares and the area for cash crop was 1.040 million hectares. The crops mainly include corn, wheat, rice, potatoes, beans, sunflower seeds, rapeseed, vegetables and fruits, etc. The output of crops in 2005 reached 16.622 million tons. The meadow of IMAR covers an area of 86.667 million hectares. By the end of that year the total number of domestic animals came to 62.032 million providing 2.299 million tons of meat and 6.969 million tons of dairy products. The aquatic products got to 83,000 tons.384,000 hectares of afforestation were completed in 2005.




Industry

An industrial system has been established with the following sectors as its focuses: coal, power, metallurgy, chemical industry, machinery, building materials and processing of agricultural and domestic animal products. In 2005 IMAR achieved RMB 386.16 billion yuan for gross industrial output value, of which RMB 168.43 billion yuan was covered by the state-owned and the state-owned holding enterprises. 11 domestically famous brands and 22 listed corporations such as Erdos Cashmere Product Group, King Deer Cashmere Product Group, Yili Dairy Product Group and Mengniu Dairy Product Group emerge and become important bases for manufacturing agricultural and animal-by products, scientific research and production and supplying energy and materials. In future IMAR will put emphasis on developing the 6 major industries including energy, chemical industry, metallurgy, processing of agricultural and domestic animal products, equipment manufacturing and high & new technology.




(iv) Data on Business

Foreign Trade

In 2005, the import & export amount of IMAR achieved $ 4.87 billion dollars, of which the export accounted for $ 1.77 billion dollars and the import for $ 3.1 billion dollars. As for export, the general trade made up $ 1.26 billion dollars and the processing trade $ 0.41 billion dollars. As for import, the general trade made up $ 0.88 billion dollars and the processing trade $ 0.31 billion dollars.




Foreign Capital

IMAR has been accelerating its pace of making use of foreign capital and the performance and level have been distinctively enhanced since the country’s reform and opening up .By the end of 2005, there were 2,597 newly approved foreign-invested enterprises in IMAR with actual foreign capital utilization being $3.57 billion dollars. In 2005 alone there were 197 such enterprises approved to be set up, with contractual foreign capital utilization being $1.38 billion dollars and actual utilization being $1.19 billion dollars. Of the 197, there are 86 joint venture projects with contractual fund being $400 hundred dollars, 28 cooperation projects with contractual fund being $170 million dollars and 83 solely foreign-owned projects with capital utilization being $810 million dollars. Those foreign investors mainly come from over 70 countries and regions such as Hong Kong, Japan, the U.S. and the British Virgin Islands, etc. investing in over 20 industries such as chemical industry, power development, high load energy industries, telecommunications and electronics.


International Cooperation in Economy and Technology

In 2005, IMAR signed, with foreign countries,92 contracts of project construction, design & consultation and overseas laborer service with total contracted value reaching $180 million dollars, completed turnover reaching $ 61million dollars and the labour force assigned abroad achieving 6,900 person-times. By the end of 2005, IMAR approved 317 overseas investment enterprises with investment amounting to $ 1,700 million dollars. The major investing destinations are Russia and Mongolia, involving industries like fur processing, cement products, dairy Product processing, resources cooperation and exploration and so on.




Domestic Trade

In 2005, IMAR realized the sum of RMB 134.41 billion yuan for the social retailing of consumer goods, of which the trade of whole sales and retail covered RMB 107.17 billion yuan and hotel & restaurant sales covered $ 22.96 billion yuan.



Port Economy

In 2005, the port entry and exit freight volume of IMAR achieved 27,009 thousand tons, in which the entry freight volume was 24,990 thousand tons and exit freight volume 2,019 thousand tons. The entry passenger volume reached 3,366 thousand per-time and the entry and exit vehicles reached 608 thousand.