The variation trend of the added value of manufacturers above a designated scale in Hohhot city in 2019 [Photo/people's government of Hohhot]  

The total value of production by manufacturers above a designated scale -- those with annual revenue of 20 million yuan ($2.88 million) or more -- in Hohhot, capital of North China's Inner Mongolia autonomous region, last year increased to 144.28 billion yuan, according to a statement released by the city's municipal government.

That figure represented a year-on-year increase of 2.3 percent, officials said.

In the first 11 months of 2019, the city's manufacturers above a designated scale posted operating income of 271.94 billion yuan, accounting for 18.5 percent of the autonomous region's total -- ranking it second in the region after Ordos. 

In the first 11 months, total profit of manufacturers enterprises above a designated scale in the city reached 24.52 billion yuan, an increase of 37 percent year-on-year, ranking it second in the autonomous region, following Ordos. 

The asset-liability ratio of enterprises and the total loss of loss-suffering enterprises in the city continued to decline.