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Special> China's Tibet: Facts & Figures> Beijing Review Archives> 1998
UPDATED: April 25, 2008 NO.6,1998
Tibet's Economy Grows Over National Average

Economic growth in the Tibet Autonomous Region is estimated to be 13.4 percent for 1997, far outpacing the national average of 8.8 percent. This would be the fifth consecutive year that Tibet has registered double-digit economic growth.

Tibet's total gross domestic product (GDP) is estimated to be 7.35 billion yuan (US$885.5 million) for 1997. Local economists attribute the rapid GDP growth to a dramatic influx of investment in basic industries and infrastructure, a direct result of central government support, increased efforts in reform and opening up, and aid from the inland provinces and municipalities.

The per capita income of Tibetan herdsmen and farmers should rise to 1,040 yuan (US$125) in 1997, up from 975 yuan (US$117.5) in the previous year. And 120,000 residents should rise out of poverty, reducing the poverty-stricken population in the region to 330,000.China's poverty line now stands at 550 yuan (US$66.3) in terms of annual per capita income.

Last year, Tibet also accelerated its economic reforms and industrial restructuring which contributed to the region's rapid economic growth.

Meanwhile, a local official said, key construction projects proceeded smoothly last year, with investment rising to 3.67 billion yuan (US$442 million) from 2.38 billion yuan (US$287 million) in 1996.

Tax revenue in the Tibet Autonomous Region shot up by 25 percent to reach 470 million yuan in 1997.

Tibet has made efforts to bring its taxation system in line with the rest of the country. Currently five major cities in the region have established a computer network for tax collection and administration.

(This article appears on page 5, No. 6, 1998)

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