LINE

    Text:AAAPrint
    Economy

    Tibet records nation's top GDP growth rate

    1
    2020-12-07 09:20:49China Daily Editor : Li Yan ECNS App Download

    Tourists visit the Potala Palace in Lhasa, Tibet autonomous region. (Photo by He Penglei/China News Service)

    During the first three quarters of this year, the Tibet autonomous region's GDP reached more than 130 billion yuan ($20 billion)-up 6.3 percent year-on-year-placing its growth above all other regions and provinces in China.

    The growth came despite the impact of the COVID-19 pandemic, which continues to ravage the globe.

    In the first quarter, the region's GDP attained year-on-year growth of 1 percent, making it the only region to see a positive growth in China during the period, according to Xinhua News Agency.

    For the first half of the year, the region's GDP increased 5.1 percent, the fastest among the 16 Chinese provinces and regions that saw positive economic growth.

    Tibet's economy strongly relies on projects initiated by the central government and other Chinese provinces. So far this year, the region has received investments of 59.6 billion yuan from the central government.

    To date, 540 Tibetan aid projects have been implemented in the region, thanks to the financial support. Funds allocated to help Tibet increased 51.3 percent year-on-year.

    The growth was fueled largely by the bio-economic, tourism, digital and clean energy industries. The digital industry alone saw a year-on-year growth of 37 percent between January and September this year.

    The Tibet Ningsuan Technology Group, with an investment of more than 11.8 billion yuan, is building the world's highest big data center in Lhasa, the regional capital.

    "Since we started in 2017, the local government has given us a variety of support, which has largely accelerated the project," Jiang Ning, the company president, was quoted as saying by Xinhua News Agency.

    Tourism, the region's traditional pillar industry, capitalized on the momentum. According to a statement from the regional government's website, Tibet received more than 8 million tourists in the first half of the year, ranking No 1 in tourism market recovery in China-up 27 percent year-on-year in May and 37 percent in June-after gaining control of the COVID-19 epidemic.

    Hu Xiongying, an official of Lunang International Tourism Town in Tibet's Nyingchi city, said during the National Day holiday in October, the town received more than 51,000 tourists, up 66.8 percent year-on-year, and tourism revenue hit more than 5.6 million yuan, up 66.4 percent year-on-year.

    Nie Chi, the owner of Tibet Torch Culture and Media Co, said his company has seen income rise 35 percent compared with the previous year.

    "There's a sharp growth in design and creativity services in the region's special traditional industries and green enterprises," he said. "The expansion of the creative industry market space shows Tibet's industries are growing toward refinement and green technology creativity."

    In the last five years, Tibet's GDP growth led the nation with an average annual rate of 9.3 percent.

    Thubten Khedrub, a professor from Tibet University, said if the region can maintain the trend, the economic gap between it and the rest of the country will quickly narrow.

    MorePhoto

    Most popular in 24h

    MoreTop news

    MoreVideo

    LINE
    Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
    Copyright ©1999-2020 Chinanews.com. All rights reserved.
    Reproduction in whole or in part without permission is prohibited.
    主站蜘蛛池模板: 长宁区| 崇义县| 福海县| 贺兰县| 百色市| 博白县| 昌都县| 平塘县| 丽水市| 横山县| 普洱| 宁乡县| 盐城市| 隆林| 平安县| 右玉县| 武隆县| 阆中市| 嘉义市| 云安县| 姜堰市| 丰城市| 绍兴市| 安塞县| 潮州市| 社旗县| 西林县| 太康县| 泾源县| 东平县| 罗山县| 浦城县| 米脂县| 奉节县| 共和县| 泗洪县| 京山县| 清徐县| 泸西县| 嵊州市| 深州市|