TAR’s economy set for 10.1% growth due to Beijing’s investments

May 9, 2014 2:00 pm0 commentsViews: 30

(TibetanReview.net, Dec 23) — China’s economic growth may be set for a dive this year, thanks to the impact of the worsening global financial crisis; however, Tibet Autonomous Region (TAR) is set for a 10.1 GDP growth, according to China’s official Xinhua news agency Dec 22, citing its Chairman Qiangba Puncog. It cited him as saying the GDP would reach 39.2 billion yuan (US $5.8 billion) this year, the region’s 16th year of double-digit growth. Fixed assets investment was to hit 31 billion yuan, up 14.3 percent over 2007. This was reported to include the Chinese central government’s investment of over 16 billion yuan in development projects.

However, tourism took a big hit, due to the March Tibetan uprising. Tourists arrival fell to 2.2 million in a 69 percent declined over 2007, when it was up 60 percent over 2006. Income from tourism constituted 14 percent of the region’s GDP in 2007.

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