56676
Tibet Reports Robust Growth
Tibet Reports Robust Growth

Tibet Reports Robust Growth

Tibet Reports Robust Growth

Tibet reported 11.5% gross domestic product growth this year, realizing the 24th straight year of double-digit growth, Xinhua reported. The plateau region’s GDP reached 114.8 billion yuan ($16.5 billion) in 2016, while the growth target for the next year is exceeding 11%, according to statistics announced at an annual regional economic work conference on Saturday. The figures are impressive given that the country as a whole has slowed significantly from years of breakneck growth rates and transitions to what is known as the economic “new normal”. This year, Tibet achieved a 20% increase in its fixed asset investments, which amounted to 161 billion yuan, and raised the incomes of its urban and rural residents by 10% and 13%, which reached 27,875 yuan and 9,316 yuan respectively. In addition, the region saw 130,000 people out of poverty and 77,000 people relocated from their inhospitable hometown. In 2017, Tibet aims to achieve the same goals: 20% increase in fixed asset investments as well as 10% and 13% increases in incomes of urban and rural residents.

 

Short URL : https://goo.gl/uZSiVc
  1. https://goo.gl/GioJWU
  • https://goo.gl/qwSsiy
  • https://goo.gl/fCD0uF
  • https://goo.gl/AdPD0Z
  • https://goo.gl/0yDLCb

You can also read ...

Bithumb Hacked, $32m in Cryptocurrency Stolen
Cryptocurrencies dropped after the second South Korean...
South Africa GDP Shrinks
South African gross domestic product shrank 2.2% in the first...
Washington in March imposed tariffs of 25% on steel and 10% on aluminum, in a move mainly aimed at curbing imports from China.
Russia said on Tuesday it would impose import duties on US...
Saudi Arabia, which employs about two-thirds of its citizens, is chipping away at a budget deficit that ballooned to almost 16% of GDP after the oil shock of 2014, while FDI slumped more than 80% last year.
Show up, swipe in. The routine is familiar to office workers...
Taxes in Italy Drive Economy Underground
Italy grew rapidly over the 20th century, and its black market...
European businesses say it has become harder to do  business in China over the past year.
European companies complain they still face a tough business...
Australian Telecom Co. to Axe 8,000 Jobs
Australia’s dominant telecommunications company Telstra...
South Korea to Grow 3 Percent
The Organization for Economic Cooperation and Development has...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus