Formerly known as the Inner Mongolia Dongsheng Economic Development Zone, the industrial park was established in 2003 and approved of an autonomous-region-level development zone by the People's Government of Inner Mongolia autonomous region in 2003. Under the authorization of the local government in 2013, the economic development zone merged with Ordos scientific and educational innovation park and Ordos modern cashmere industrial park, with a planned area of 120 square kilometers. 

The industrial park was modified in 2016, with a planned area of 29 square kilometers in the west of Dongsheng’s main urban area. It now consists of a modern cashmere industrial park, small and medium-sized textile park, wine industrial park, scientific and educational park, food processing park, Elion Pharmacy Park and a health regimen park. 

With the development concept of integrating industries and the city for mutual promotion, the park emphasizes the development of a variety of industries including wool spinning, wine, food processing, biological medicine, health and provisions for the elderly, science and technology education and the modern service industry.

There are 179 enterprises settling in the industrial park, 110 of which are production processed enterprises, including China Erdos Group and a further nine manufacturing enterprises. The food processing park boasts 98 processing enterprises including Ordos Wine Group and Elion Pharmacy.

There are 69 service enterprises, among which 61 are wool spinning sales enterprises, 6 are wool spinning products monopoly e-commerce enterprises, and two enterprises focus on elderly care. Five secondary vocational training schools have entered the industrial park. What's more, 100 university graduate entrepreneurial teams have settled in the innovation park.

In 2015, the industrial park achieved public budget revenue of 1.42 billion yuan ($205.9 million) and fixed asset investment of over 2.65 billion yuan. Its product sales revenue reached 24.4 billion yuan, among which 9.73 billion yuan were industrial products sales revenue and 14.6 billion yuan were tertiary industry operation.

From January to March in 2016, the industrial park attained a fixed asset investment of 13 million yuan, with a general public budget revenue of 62 million yuan. The total industrial output value was 1.9 billion yuan. Products sales generated revenue of 5.62 billion yuan, among which 2.07 billion yuan were of industrial products sales revenue and 3.54 billion yuan were of tertiary industry operation revenue.