Baotou has sound industrial foundation and possesses comprehensive capacity of cooperation and set-completing accessories. As a typical industrial city, Baotou develops several pillar industries led by metallurgy, machinery, heavy-duty automobile manufacture,rare earth, electronic power, chemistry, organic foods. So far, there are over 20,000 industrial enterprises in Baotou with 600 million of total assets and over 400 million of annual output value. Among the 52 qualified state-level enterprises, there are 6 firms in Baotou on the list. The Baotou Iron & Steel Group Co. Ltd., Inner Mongolia First Machinery Group Corporation，Northern Heavy Industries Group Co. Ltd., Beiben Trucks Group Co., Ltd., Baotou Tomorrow Technology Co. Ltd., Huazi Co. Ltd., and King Deer Leather Group Company produce great impacts on their own industries in China. Besides, a host of famous enterprises both at home and abroad, such as Korean Daewoo, Hope Group, China Resources (Holdings) Co. Ltd., Ningbo Yunsheng, Yili Co. Ltd., Mengniu Co. Ltd., etc., have successfully invested in Baotou, which increases the overall power of Baotou’s economy.