Southwest China's Tibet Autonomous Region has utilized 26.87
million US dollars in actual foreign investment during the first 11
months of this year, an increase of 476 percent over the same
period of last year, according to statistics released by the
regional government.
Tibet has become increasingly popular among foreign businesses,
with sectors such as tourism, Tibetan medicine and mining offering
them abundant business opportunities.
Experts believe that marked improvement in infrastructure and
preferential policies on foreign investment are the main factors
behind the surge in foreign investment.
The region has seen a remarkable improvement in its
infrastructure during the past decade, when it has invested nearly
90 billion yuan (about 10.84 billion US dollars) in projects such
as electricity, transportation, telecommunications and
education.
Construction of the 2,040-kilometer-long Qinghai-Tibet railway
is progressing well. With an investment of more than 3.7 billion US
dollars, the project will provide transportation convenience and
should bring economic benefits to the region.
Tan Yungao, director of the region's commerce bureau, said that
Tibet also offers preferential policies to foreign investors in
many sectors such as agriculture, husbandry, mining, medicine and
tourism.
(Xinhua News Agency December 23, 2004)
