A new experimental area for development and opening up at the border of north China’s Inner Mongolia Autonomous Region has been approved. It is a breakthrough for Erenhot, an inland port city which borders Mongolia, coming after two years of preparations. The experimental area will enjoy preferential policies in financing, land, investment and industry, to attract capital, talent and technology.
Erenhot was one of 13 Chinese border cities approved for opening up in 1992 and is now among the few inland ports with a cargo throughput of more than 10 million tonnes per year. Last year, the railway and highway ports of Erenhot together handled 13 million tonnes of cargo worth $3.65 billion. Erenhot has been a bridgehead for China’s economic and trade ties with Mongolia.