Tibet's economy booms in Q1
The Tibet autonomous region's GDP exceeded 57.5 billion yuan ($8.3 billion) during the first quarter of this year, up 8.2 percent year-on-year, ranking first in China.
In Q1, the economic operation of the region had a good start and showed steady recovery momentum, said Pema Wodan, an official from the region's statistics bureau at a news conference on Wednesday.
Pema Wodan said the contribution of investment stability was obvious during the first three months. Investment in fixed assets has also grown rapidly.
In the first three months, fixed asset investment rose by 66.2 percent year-on-year, ranking first in China.
The momentum of industrial growth was strong over the first three months, and the added value of industries above a designated size in the region increased by 18.5 percent year-on-year — 15.5 percentage points higher than the national average of 3 percent. The growth rate also ranked first in the country.
"Overall, with the rapid and stable transition from the epidemic prevention and control situation, the economic operation of the region in the first quarter started well and showed a trend of stabilization and recovery," Pema Wodan said.
