Tibet sees rapid development of private enterprises

Home>>Business

Last updated at: (Beijing Time) Saturday, January 10, 2004

Tibet sees rapid development of private enterprises

DISCUSSION

CHINESE

SEND TO FRIEND

The private economy of southwest China's Tibet Autonomous Region has rapidly developed in recent years, thanks to the support of the local government, said Zhao Zhengxiu, director of the Tibet regional administration of industry and commerce.

The regional administration's statistics show that Tibet had 1,823 registered private enterprises, with registered funds of 3.8 billion yuan (459 million US dollars) in 2003, a year-on-year increase of 22.69 percent.

Zhao said that Tibet well integrated the development of private enterprises with the reemployment of laid-off workers. The autonomous region encouraged unemployed citizens to start their own business through favorable policies, said the official.

The policies widened the business range of private enterprises,and canceled certain limits on the qualification of investors and the starting registered fund, Zhao said, which brought about the boom of Tibetan private economy.

Questions?Comments? Click here

Private firms encouraged to play bigger role

New policy makes it easier to open private businesses in Zhejiang

Private business develops fast in Zhejiang

Exploration rover "Spirit" lands safely on Mars ( 9 Messages)

Two major state banks to pilot joint-stock system ( 3 Messages)

China pondering its own "green card" system ( 16 Messages)

Roaring BMW: Was it "road rage" or an accident? ( 2 Messages)

Beijing's traffic no longer a headache by year 2008 ( 5 Messages)