In the first two months of this year, North China's Inner Mongolia autonomous region made great progress in business and investment promotion.

From January to February, Inner Mongolia implemented 587 investment projects each with a total investment of more than 5 million yuan ($71,942.45), a year-on-year increase of 50.9 percent. The introduction of domestic funds came in 13.22 billion yuan, a year-on-year increase of 99.1 percent.

Meanwhile, the actual use of foreign capital in Inner Mongolia reached 250 million yuan, a year-on-year increase of 34.2 percent. Additionally, another 11 foreign-invested enterprises were registered in the region.

During the same period, Inner Mongolia signed 80 projects through a symposium on deepening cooperation between itself and State-owned enterprises, as well as through the region's investment promotion meeting in the Beijing-Tianjin-Hebei region.

The signed projects had a total agreed investment of 243.4 billion yuan and involved nine fields, which were new materials, equipment manufacturing, new energy, chemicals, agriculture and animal husbandry, modern services, biomedicine, energy conservation, and environmental protection.

Since the beginning of this year, Inner Mongolia has also implemented various policies to boost business promotion.

It has revised and improved the Inner Mongolia domestic fund statistical management measures, compiled the Inner Mongolia key industrial chain investment promotion layout, and launched the Inner Mongolia investment guidelines and the region's key cooperation projects for 2023.

Moving forward, plans are for Inner Mongolia to organize business promotion activities in the Yangtze River Delta and Guangdong-Hong Kong-Macao areas.