Growing briskly: Hohhot, in Inner Mongolia autonomous region. [Photo provided to en.hhhtnews.com] 

The city of Hohhot – capital of North China's Inner Mongolia autonomous region – is poised to further boost its economic development in 2023, with plans set out for robust expansion, according to local media reports. 

The autonomous region plans to release policies that will focus on supporting the implementation of 35 major projects. They will also focus on releasing policy dividends in 26 fields – including finance, taxation and finance – and focus on guaranteeing financial support in four areas, including urban construction. 

This year, Hohhot will implement more than 1,100 key projects and complete a total investment of more than 120 billion yuan ($17.51 billion). 

What's more, Hohhot is striving to introduce more than 400 projects worth 100 million yuan or more each and complete capital expenditure on them of more than 50 billion yuan. 

Moreover, it will step up efforts to attract investment and focus on Fortune 500 companies, industry leaders and listed groups in Hohhot's six major industrial clusters – green agricultural and livestock product processing, clean energy, the modern chemicals industry, new materials and modern equipment manufacturing, biomedicines and electronics information technology. 

Finally, the capital plans to add 45,000 new business entities this year, an increase of 15 percent.