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Tibet's 2004 Foreign Trade Posts Double-digit Growth

Foreign trade in west China's Tibet Autonomous Region amounted to US$223.53 million in 2004, surpassing the 200-million-US-dollar mark for the first time and representing a year-on-year growth of 38.72 percent, according to local authorities of commerce.

 

The total included US$130.1 million in exports, up 6.92 percent year-on-year and US$93.45 million in imports, up 136.7 percent, the local commerce authorities said.

 

Of the exports, US$27.72 million worth, or 21.3 percent, were products made in Tibet, up 110.47 percent over the year-earlier level, the commerce authorities said.

 

In another development, the autonomous region approved the establishment of 12 foreign-invested projects last year. It absorbed US$32.41 million in contracted foreign capital and actually used US$26.99 million, up 273 percent and 478 percent respectively year-on-year, the local commerce authorities said.

 

(Xinhua News Agency March 6, 2005)

 

Tibet to Develop Tourism Business
China Draws up Tibet Tourism Development Plan
Railway Improves Tibet's Competitiveness
Development Projects in Tibet Under Way
Foreign Trade Tops US$200 mln in Tibet in 2004
China to Invest 6.42 Bln Yuan in Tibet
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