High Growth in Fixed Assets Investment Reported in Tibet

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Last updated at: (Beijing Time) Saturday, August 23, 2003

High Growth in Fixed Assets Investment Reported in Tibet

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China's Tibet Autonomous Region registered a remarkable growth rate in fixed assets investment in the first six months this year, 52.3 percent higher than the national average, the regional statistics bureau said.

The autonomous region's fixed assets investment in the period totaled 3.82 billion yuan (460 million US dollars), up 85.1 percent from the same period last year. It ranked second in the growth rate for the past two consecutive months among the provinces and autonomous regions in west China.

The statistics bureau said that the figures did not include investment from non-state sectors like collectives and individuals, and also excluded the investment by the central government for the Tibet section of the Qinghai-Tibet Railway, the world's highest and most technologically demanding railway.

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