Ruyi Industrial Park
Ruyi Industrial Park [Photo/ruyi.huhhot.gov.cn]
Founded in 1992, Ruyi Industrial Park was the earliest park established in Inner Mongolia autonomous region.
The park is the key part of the Hohhot Economic and Technological Development Zone. After more than 20 years of development, Ruyi Industrial Park has developed into an area consisting of Ruyi Headquarters Base and Ruyi new industrial zone.
Ruyi Headquarters Base, covering a planning area of 13.6 square kilometers, functions as a administrative center, business center, financial center, enterprise headquarter and a cluster for modern service industry.
The Ruyi new industrial zone has also been a hub for the industries of food packaging, new materials, new energy, manufacturing, biological technology and modern logistics.
In 2013, the zone generated 12.01 billion yuan ($1.77 billion) in output value and created 1.24 billion yuan in tax revenue, an annual increase of 6.8 percent. It invested 10.96 billion yuan in fixed assets, up 15 percent over the previous year. That particular year it also introduced 3.6 billion yuan in domestic funds and $75.8 million in foreign capital.
As of 2013, the rudimentary form of the administrative center emerged, as 94 administrative units and social organizations from Inner Mongolia autonomous region and Hohhot were stationed there. And, in the business center, 451 enterprises have registered including 204 enterprises in commerce and trade, 26 in intermediary business, 21 in investment, 44 in real estate and 156 in other service. The financial center also shows broad prospects for development, with 18 financial companies entering into the zone.
Ruyi Industrial Park strives to make breakthroughs in modern industry, drawing investment, industry cultivation and investment environment, by which to reach the intermediate or an higher level of national-level development zones.