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Tibet Uses 150% More Foreign Capital in 2009

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Southwest China's Tibet Autonomous Region posted a fast growth in foreign capital it actually used last year, a local senior commerce official told Xinhua Thursday.

In 2009, the region actually used US$58 million in foreign capital, a growth of 150 percent on the 2008 level, according to Ma Xiangcun, head of the regional commerce bureau.

Ma said this year, the region would step up establishment of data bank for capital attraction and make a good use of such investment invitation platform as investment and trade fairs.

Business promotion would be based on the Lhasa economic and technological development zone, Nagqu logistics center for the Qinghai-Tibet railway and Dagze industrial park in the regional capital of Lhasa, Ma noted.

Meanwhile, new ways for business promotion should be created, Ma added.

(Xinhua News Agency January 29, 2009)

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