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Tibet's GDP growth tops nation so far this year

By Palden Nyima and Daqiong in Lhasa | chinadaily.com.cn | Updated: 2020-12-03 14:00
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Tourists visit the Potala Palace in Lhasa, Tibet autonomous region. [Photo by He Penglei/China News Service]

For three straight quarters this year, the Tibet autonomous region has achieved a GDP of more than 130 billion yuan ($20 billion) — up 6.3 percent year-on-year — placing its growth above all other regions and provinces in China, Tibet TV reported.

The growth came despite the impact of the COVID-19 pandemic, which has been affecting the globe.

In the first quarter, the region's GDP reached a year-on-year growth of 1 percent, making it the only region to see a positive growth in China during the period.

For the first half of the year, the region's GDP grew 5.1 percent, fastest growth among the 16 Chinese provinces and regions that saw a positive economic movement.

Tibet's economy relies strongly on the efforts of the central government and other Chinese provinces. So far this year, the region has received investments of 59.6 billion yuan from the central government.

To date, 540 Tibet aid projects have been implemented in the region, thanks to the financial support. Funds to help Tibet increased 51.3 percent year-on-year.

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