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China Pumps 310 Bln into Tibet's Development in 9 Years

(2010/01/25)

The central government had earmarked over 310 billion yuan fiscal subsidy and investment in fixed assets to Tibet in the past 9 years since the opening of the fourth Meeting on Tibet's Development in 2001, which vigoriously boosted its leapfrog development.

In past 9 years, about 200 billion yuan from the central government had been pumped into Tibet's financial sector with an average annual increase of some 20%, while, its investment on fixed assets in Tibet had amounted to over 110 billion yuan which contributed to the accomplishment of some key projects for Tibet's social and economic development marked with Qinghai-Tibet Railway.

Since the reform and opening up, the central government provided supports to Tibet on its fiscal sector, projects construction and some other aspects and its investment was mainly used on Tibet's farming and animal husbandry, infrastructure construction, science and education, as well as ecological environment protection with an emphasis on the clearing of issues restricting Tibet's development.

The support from the central government was greatly increased since the fourth Meeting on Tibet's Development in 2001. During the "10th Five-year Plan" period, 37 billion yuan from the central government went to Tibet and 117 projects in Tibet started construction with 31.2 billion yuan investment. Meanwhile, according to the "11th Five-year Plan" for Tibet which was formulated on the 167th executive meeting of the State Council in January 2007, the central government will invest 109.76 billion yuan for 180 projects in Tibet, including 77.88 billion yuan investment during the "11th Five-year Plan" period.

The vigorous support from the central government has promoted the leapfrog development of Tibet. In 2009, Tibet's GDP is expected to exceed 43.7 billion yuan, up by nearly 1.7 times than that of 2000 with an average annual increase of 12.3%, keeping double-digit growth rate in 17 consecutive years.



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