Translation. Region: Russian Federal
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
BEIJING, Aug. 5 (Xinhua) — The steady pace of economic growth suggests that the gross regional product (GRP) of the Xizang Autonomous Region will exceed 300 billion yuan (about 42 billion U.S. dollars) this year, regional Party secretary Wang Junzheng said Tuesday.
By the end of 2024, Xijiang's GRP will reach 276.5 billion yuan, 155 times more than in 1965, when the autonomous region was established, with an average annual growth rate of 8.9 percent, Wang Junzheng said at a press conference in Beijing dedicated to the 60th anniversary of the Xijiang Autonomous Region.
As he noted, it took Xizang 50 years for the GRP to exceed 100 billion yuan for the first time, but the second 100 billion mark was reached in just six years.
Since 2021, continuous and sustained efforts have ensured further expansion of the local economy, accompanied by significant improvements in the quality and efficiency of growth.
There is a rapid development of modern production, including clean energy, cultural tourism and light industry with high-mountain specifics, thanks to which a modern production system has practically been formed, said Wang Junzheng. Xijiang Autonomous Region continues to increase its development potential based on its own efforts, and in terms of growth rates of key economic indicators, it has been among the leaders in the country for several years in a row, Wang Junzheng added. -0-
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