Tibet’s 2014 GDP Growth Up 12%

Lhasa, December 31 (QNA) – The economy of Tibet Autonomous Region, in southwest China, grew 12 percent in 2014, a regional economic work conference was told on Wednesday.

Tibet’s gross domestic product (GDP) is expected to hit 92.5 billion yuan about (15.11 billion U.S.dollars) this year, maintaining its double-digit growth since 1994, according to China’s (Xinhua) News Agency.

“Tibet’s sustained, rapid and sound development continued in 2014,” said the Communist Party of China’s Tibet Autonomous Region secretary, Chen Quanguo.

The per capita net income of farmers and herdsmen in the region hit 7,471 yuan in 2014, up 14 percent year on year. The per capita disposable income of urban residents also increased 8 percent year on year to reach 22,026 yuan. (QNA)

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