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Economic State

10-12-2010 15:59 BJT

 

Ordos is one of the richest regions of China. With a nominal per-capita GDP of US$14,500 in 2008, it is ranked ahead of the capital city of China, Beijing. It is extremely rich in natural resources, having one sixth of the coal reserve in China. The pillars of its economy are textile (wool), coal mining, petrochemicals, electricity generation and production of building materials.

Founded in 2001, Ordos City was rapidly developed on a swath of uninhabited desert along the Yellow River. Fuelled by a booming Chinese economy and over £100 billion of public and private investment, enough housing and infrastructure were built to accommodate 300,000 residents.

Editor:Yang Jie |Source:

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