The once unknown third-tier cities in Inner Mongolia have created a series of economic myths-GDP once surpassed Hong Kong, and house prices almost reached "Northern Guangzhou". The coal industry in Ordos accounts for nearly 70% of the total economic output and 50% of the total fiscal revenue. Ordos, with "black gold resources", was in the limelight in golden decade, a coal industry.

The huge wealth brought by coal is squandered by the city in the real estate market. According to public information, in 2006, the average price of Ordos property market was about 1.200 yuan, and after three years, the average price of houses soared to about 7,000 yuan.

The myth of Ordos began to burst at the end of 20 1 1. The volume and price of coal plummeted and the property market was depressed. Ordos, which is rich in coal, is in debt crisis. Obviously, relying solely on coal resources has a single industrial structure and a short industrial chain. Extensive production leads to environmental deterioration and backward production capacity. At the same time, he is keen on real estate speculation, which makes the development road of Ordos narrower and narrower, and the bubble is full of hidden dangers. Finally, overnight, the myth was broken.

Extended data:

There are similar incidents, Yumen, Gansu, and the situation is worrying now:

1939, the first oil well in Yumen laojunmiao produced oil. In the decade before liberation, oil production accounted for more than 90% of the national total in the same period, which laid the foundation for China's oil industry. After the founding of New China, the state sent a lot of talents and technology to Yumen. It is prosperous, with a population of nearly 1 10000 and a developed economy.

However, over-exploitation, oil production began to decline, and environmental damage was serious. From 1.959, the highest 1.4062 million tons, to 1.998, 380,000 tons, the earliest oil field developed in China has now become the smallest and most difficult oil enterprise. In March 2009, Yumen City was listed as the second batch of resource-exhausted cities by the State Council.

References:

People's Network-Ordos Fund "divorced from reality and entered the house"