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Development

Tibet Likely to See 9.3 Percent Economic Growth This Year

[WTN-L World Tibet Network News. Published by The Canada Tibet Committee. Issue ID: 00/12/23; December 23, 2000.]

BEIJING, Dec 23, 2000 -- (Agence France Presse) Tibet's economy is likely to grow by 9.3 percent this year, better than the average for all of China, driven by an expansion in service industries and state investments, official media reported on Saturday.

According to the Xinhua news agency, the region's gross domestic product (GDP) is expected to reach 11.7 billion yuan (1.4 billion dollars) on the back of economic growth in excess of the 8 percent forecast for China as a whole.

Service industries are forecast to boost by 12.2 percent this year, while state enterprises' investments in new plant and equipment are likely to gain as much as 17.6 percent, Xinhua said, citing an economic work conference held in Lhasa, the capital of Tibet.

The per capita income of farmers and herdsmen is unlikely to match overall economic growth, as it is forecast to rise just 5.3 percent to 1,325 yuan (160 dollars).

Tibet is one of the most destitute areas under Chinese control, and last year its per capita GDP was 4,262 yuan (513 dollars), a mere seventh of the GDP in Shanghai, one of China's wealthiest cities.


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