AGL 35.20 Decreased By ▼ -0.50 (-1.4%)
AIRLINK 123.23 Decreased By ▼ -10.27 (-7.69%)
BOP 5.04 Increased By ▲ 0.07 (1.41%)
CNERGY 3.91 Decreased By ▼ -0.12 (-2.98%)
DCL 8.15 Decreased By ▼ -0.27 (-3.21%)
DFML 44.22 Decreased By ▼ -3.18 (-6.71%)
DGKC 74.35 Decreased By ▼ -0.65 (-0.87%)
FCCL 24.47 Increased By ▲ 0.22 (0.91%)
FFBL 48.20 Increased By ▲ 2.20 (4.78%)
FFL 8.78 Decreased By ▼ -0.15 (-1.68%)
HUBC 145.85 Decreased By ▼ -8.25 (-5.35%)
HUMNL 10.85 Decreased By ▼ -0.15 (-1.36%)
KEL 4.00 Decreased By ▼ -0.06 (-1.48%)
KOSM 8.00 Decreased By ▼ -0.88 (-9.91%)
MLCF 32.80 Increased By ▲ 0.05 (0.15%)
NBP 57.15 Decreased By ▼ -0.65 (-1.12%)
OGDC 145.35 Increased By ▲ 2.55 (1.79%)
PAEL 25.75 Decreased By ▼ -0.26 (-1%)
PIBTL 5.76 Decreased By ▼ -0.16 (-2.7%)
PPL 116.80 Increased By ▲ 2.20 (1.92%)
PRL 24.00 Decreased By ▼ -0.15 (-0.62%)
PTC 11.05 Decreased By ▼ -0.42 (-3.66%)
SEARL 58.41 Increased By ▲ 0.41 (0.71%)
TELE 7.49 Decreased By ▼ -0.22 (-2.85%)
TOMCL 41.10 Decreased By ▼ -0.04 (-0.1%)
TPLP 8.31 Decreased By ▼ -0.36 (-4.15%)
TREET 15.20 Increased By ▲ 0.12 (0.8%)
TRG 55.20 Decreased By ▼ -4.70 (-7.85%)
UNITY 27.85 Decreased By ▼ -0.15 (-0.54%)
WTL 1.34 Decreased By ▼ -0.01 (-0.74%)
BR100 8,528 Increased By 68.1 (0.8%)
BR30 26,868 Decreased By -400.5 (-1.47%)
KSE100 81,459 Increased By 998 (1.24%)
KSE30 25,800 Increased By 331.7 (1.3%)

Beijing invested a record 16 billion yuan (2.3 billion dollars) this year in Tibet, whose economy suffered severely after waves of unrest in March, Chinese state media reported Sunday.
Tibet's industrial economic growth fell 11 percent on year in 2008's first half while fixed asset investment dropped 10.3 percent due 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. It said in 2008 it put more money into the region than any year since economic planning began there in 1951.
Tensions came to a head on March 14 when violence erupted in the Tibetan capital Lhasa against Chinese rule, before spreading to other areas of western China with Tibetan populations. The development committee said the increased investment had borne fruit and estimated that overall the region's economy would grow 10.1 percent from last year to 39.2 billion yuan, Xinhua said.
Jin Shixun, a committee official, said investment would continue to increase alongside Beijing's various efforts to boost consumption during the economic slowdown.
Fixed asset investment is expected to rise 15 percent in 2009, Xinhua said.
Tourism plummeted after the unrest when the government sealed off the Himalayan region to tourists. Authorities only allowed foreign tourists back at the end of June.
As a result, only 340,000 travellers went to Tibet between January and June this year, according to previous state media reports, a dramatic drop from the same period in 2007 when more than 1.1 million people visited.

Copyright Agence France-Presse, 2008

Comments

Comments are closed.