Tibet sets sights on booming GDP in 2023

LHASA: The Tibet autonomous region expects to see GDP growth of 8 percent, as well as per capita growth in disposable income of 8 percent for urban residents and 10 percent for rural residents in 2023, said Wang Junzheng, the region’s Party secretary.
Next year is the starting year to fully implement the spirit of the 20th National Congress of the Communist Party of China, and the region will deepen opening-up and reform and will meet goals for social and economic development, Wang said at the region’s annual economic work conference on Tuesday. “In the coming year, we will strive to maintain steady economic growth, stable employment and stable prices of goods,” Wang said. Reviewing past months, the region has seen steady economic growth, with its GDP expected to see growth of nearly 3 percent in 2022, despite the impact of COVID-19, which has ravaged Tibet since early August.
“This year, the region has effectively carried out measures to maintain economic development despite COVID-19. A series of measures have been practiced to stabilize economic development and minimize the impact of the pandemic,” Wang said.
Tibet has made investments of more than 75 billion yuan ($10 billion) on key projects supported by the central government and spent more than 110 billion yuan on key infrastructure, he said.
–The Daily Mail-China Daily news exchange item