Beijing makes record Tibet investment
29-12-2008
Beijing has invested a record 16 billion yuan this year in Tibet, following the unrest which erupted in March and damaged the regional economy, Xinhua news agency reported. Tibet's industrial economic growth fell 11 percent year on year in the first half of 2008, while fixed asset investment dropped 10.3 percent owing to the violence, Xinhua reported, citing the Tibetan Development and Reform Committee. To prop up the economy, Beijing in July ordered special subsidies and incentives focusing on sectors such as tourism and infrastructure development, the report said. Beijing counters critics' charges of oppression in Tibet by pointing to its investment in the region.
