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China concludes Tibet expo with 90 billion yuan investment deals

4th China Tibet Tourism and Culture Expo held in Lhasa.  (Photo courtesy: Xinhua/Liu Dongjun)
4th China Tibet Tourism and Culture Expo held in Lhasa. (Photo courtesy: Xinhua/Liu Dongjun)

(TibetanReview.net, Sep13, 2018) – China said Sep 11 that it concluded its Fourth China Tibet Tourism and Culture Expo on Sep 11 in Tibet’s capital Lhasa, attracting nearly 90 billion yuan (US$ 13 billion) of investment. The five-day expo was held in Lhasa as well as the region’s second city of Nyingchi (Nyingtri) in eastern Tibet, reported chinadaily.com.cn Sep 11-12.

The report said the investments covered nearly 200 projects, including 51 supported by centrally administered state-owned enterprises. It added that 40 of those projects signed at the expo were targeted poverty alleviation projects supported by the All-China Federation of Industry and Commerce.

Ngapo Jinyon, chairman of the Tibet Federation of Industry and Commerce, was cited as saying the key projects signed during the expo were categorized mainly among tourism, green industry, modern services, and border trade. He has also said that the number of private enterprises had hit 81, which accounted for 75 percent of all projects.

Those who participated in the expo numbered 1,579, including 256 foreign guests, and 230 domestic and international enterprises, the report said. Some 300 journalists from across the world were stated to have covered the event.

Experts and entrepreneurs were stated to have taken part in a series of forums on scientific investigation, tourism and culture, economic and social development, and international cooperation on the Tibetan Plateau research.

The event was stated to have been hosted by the ministries of Culture and Tourism with the government of Tibet Autonomous Region.

Qi Zhala, chairman of the regional government, has said this year’s first-time extension of the expo’s location to Nyingchi City was an example of the region’s key measure of turning the whole region into a tourism destination.

“Not only in Lhasa, next, we want all the cities and prefectures of the region to benefit from the international expo,” Qi was quoted as saying.

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