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Special> China's Tibet: Facts & Figures> Economy
UPDATED: October 29, 2008  
Investment in Fixed Assets

In 2007, Tibet maintained fast growth rate in investment and made new achievement in infrastructure construction. At the beginning of the year, the State Council approved the project proposal for the 11th Five-Year Plan, accelerating the growth of investment in basic construction. There are now 78 key projects under construction, with a total investment of 13 billion Yuan. The TAR governmenthas heavily invested in transportation, energy sources, water conservancy, rural infrastructure and industrial construction, embodying the principle of investing more in agricultural and pasturing areas as well as grass roots. Driven by the State investment, private investment also increased rapidly, accounting for 31.3 percent of the total. The rise of investment multiplier effect resulted in constant economic growth.

The amount of investment in fixed assets reached 27.118 billion Yuan, an increase of 16.7 percent. This included investment of 17.983 billion Yuan by the regional government, up 8.6 percent; investment of 13.699 billion Yuan by the Central Government, a rise of 35.9 percent; investment of 9.079 billion Yuan raised publicly, an increase of 36.5 percent and investment of 56 million Yuan by foreigners and people from Hong Kong, Macao and Taiwan, 1.7 times that of the previous year.

So far as the economic modes are concerned, the State sector made 16.992 billion Yuan of investment, an increase of 7.7 percent; the collectively owned sector invested 456 million Yuan, a fall of 16.8 percent; other economic sectors provided 5.99 billion Yuan of investment, a rise of 72.1 percent; individuals invested 3.672 billion Yuan, a rise of 7.3 percent. Urban investment was 23.164 billion Yuan, up 14.8 percent; rural investment was 3.954 billion Yuan, a rise of 29.6 percent. Of this, that of farming households reached 3.493 billion Yuan, up 35.9 percent and that of the collective sector was 57 million Yuan, a decrease of 57.5 percent. Investment of the primary industry was 1.403 billion Yuan, up 4.8 percent; that of secondary industry reached 3.92 billion Yuan, a rise of 47.6 percent; and that of the tertiary industry was 21.795 billion Yuan, up 15.4 percent.

Tibet received 34.719 billion Yuan in total funding, an increase of 41.8 percent over the previous year. This included 20.456 billion Yuan of State-budgeted funds, up 87.6 percent; 462 million Yuan in domestic loans, a fall of 2.1 percent; 8.409 billion Yuan of self-raised funds, a rise of 25.0 percent; and 5.140 billion Yuan of other kinds of investment, down 13.6 percent.

(China's Tibet Facts and Figures 2008)

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