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China to invest 6.42 bln yuan in Tibet in 2005
(Xinhua)
Updated: 2005-01-16 17:11
The central government will invest 6. 42 billion yuan (773.49 million US
dollars) this year in 24 key projects in southwest China's Tibet Autonomous
Region, according to the local government.
The figure is six times that of Tibet's annual fiscal budget and about
one-third of its annual gross domestic product (GDP) volume.
These key projects are meant to improve the living and working conditions of
local people. About 5.28 billion yuan will be spent on pasture construction,
clean water projects for rural residents, rural medical services, education and
traffic construction.
In history, the central government and provincial governments helped Tibet
handle 25 projects in 1965 when Tibet Autonomous Region was set up. The central
government invested 500 million yuan in 43 projects in the 20th anniversary of
the region's founding and 4.6 billion yuan in 62 projects in the 30th
anniversary, a local government official said.
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