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14:49 Jul 13 2009

Photo album of TibetSpecial ReportMedia Voice
English>>Tibet Online
Car Rush Feflects Tibetan Consumption Growth
14:56, July 13, 2009  

Byenjuo Lungye, a resident in Langkazi County, Shannan Prefecture is shopping a new private car for himself. ( Photo)

Along with continuous improvement of Tibetan people’s living standard, cars are no longer luxury merchandizes for local people in Tibet Autonomous Region, instead a daily necessary for normal life. Since recent years, there comes a vehicle fever in all parts of Tibet and this fever just goes on and on. More and more farmers and herder men can not only afford but possess the skills to choose their favored cars.

Tibet plans to boost consumption in the region, although no specific measures on how to do this were released at the meeting.

The Tibetan official set forth other double-digit growth targets for 2009, including: per capita net income for farmers and herders; budget revenue for local finance; investment in fixed assets; and retail sales of consumer commodities.

Efforts will be made to limit rising consumer prices to below the level of 2008, and to control the registered urban unemployment rate to within 4.3 percent, which was the same figure as last year, said Qiangba Puncog.

Tibet is budgeting for a 10 percent plus growth in foreign trade volume this year. To accomplish that goal, the region wants to export more local products to its neighbors Myanmar, India, Bhutan and Nepal.

Per capita income for farmers and herders was 3,170 yuan, up 13.7 percent. Per capita disposable income for urbanites rose by 10.5 percent to reach 12,300 yuan. Budget revenue for local finance was 2.49 billion yuan, an increase of 23.5 percent.

Its retail sales of consumer commodities was 12.9 billion yuan in the past year, up 15 percent.

Tibet's economic growth target for 2009 was higher than that of other parts of China. Both Beijing and Shanghai, for instance, announced targets of 9 percent of economic growth earlier this week.

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