(ECNS) -- Ordos City in Inner Mongolia Autonomous Region has become another destination for wholesale businesses that plan to relocate from the capital, Beijing Times reported.
Beijing has been transforming its development priorities, including relocating wholesale markets near the Beijing Zoo and building a new administration center for the municipal government in the eastern suburb, in order to focus on the city's position as capital.
The authority in Xicheng District signed a cooperation agreement with Dongsheng District of Ordos on Thursday morning, allowing the latter to join the ranks of Tianjin, Shijiazhuang, Langfang, Yongqing and Baigou.
Under the agreement, the Dongsheng District government offers a series of preferential policies to businesses relocating from Beijing, including a five-year rent exemption for those who settle here before January 1, 2017; free rent on public apartments, local urban medical care and child education for both employers and employees; logistics subsidies as well as preferential tax policies and rebates for businesses.
Dongsheng District has favorable logistics conditions, with developed road and railway transport networks, while Ordos Airport operates routes to big cities such as Beijing, Shanghai and Guangzhou, as well as South Korea and Hong Kong, officials said.
Officials from Xicheng District visited five shopping malls and local logistics parks in the district before the deal was reached.
