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Tibet's industrial output more than doubles 2010-2015

Xinhua, January 26, 2016 Adjust font size:

Tibet's gross industrial output in 2015 reached 18 billion yuan (about 2.7 billion U.S. dollars), 2.4 times the figure in 2010, said local authorities on Tuesday.

Year-on-year growth in industrial output exceeded 18 percent, said Xu Fei, head of the regional industry and information technology department.

Tibet's 2015 value-added industrial output was 8.2 billion yuan, up 14 percent from the previous year, Xu said. The growth rate was 8 percentage points higher than the national average.

Tibet was the only one of China's provinces, regions and municipalities that didn't lower its target for economic growth last year.

By the end of 2015, the number of industrial enterprises in the southwestern Chinese region had passed 1,000, providing jobs for 21,000 people.

The combined revenues of makers of traditional local medicine in Tibet also topped 1.45 billion yuan in 2015. Endi