Tuesday, December 25, 2007

Chinese Mandarin - Tibet fiscal income jumps 26.7% in 1st half

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BIZCHINA / Center

Tibet fiscal income jumps 26.7% in 1st half

(Xinhua)
Updated: 2007-07-30 09:43

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A general view of the city centre of Lhasa is seen from the top of the
Potala Palace, western China's Tibet Autonomous Region, July 28, 2007.
The fiscal income of Tibet Autonomous Region hit 1.06 billion yuan in the
first six months of 2007, an increase of 26.7 percent year-on-year.
[Reuters]

The fiscal income of Tibet Autonomous Region hit 1.06 billion yuan
(US$133 million) in the first six months of 2007, an increase of 26.7
percent year-on-year, according to sources with the region's statistics
bureau.

An official with the bureau said that investment, consumption and export
trade, the major driving forces for economic development of Tibet, have
kept growing, with consumption being the fastest.

The total retail sales of consumer goods hit 5.19 billion yuan (US$649
million), up 26.6 percent.

More than 8.25 billion yuan (US$103 million) was put in fixed assets
investment in the first half year, up 19.5 percent. The investment went
mainly to rural and pasturing areas and speciality industries.

The region's overall imports and exports reached US$164 million in the
January-June period, up 60.4 percent from the same period of 2006.

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