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Overall economic performance maintained stable from Jan. to Aug.

By Zhi Xinghua Source:China Tibet News 2018-11-23

According to the Lhasa Statistics Bureau, from January to August, the overall economic performance of Lhasa City maintained stable.

The industry maintained rapid growth. From January to August, the added value of industrial enterprises above designated size in Lhasa reached 3.785 billion yuan, accounting for 60.3% of Tibet, up 17.5% over the same period last year.

Investment growth was moderate. From January to August, the fixed asset investment in Lhasa increased by 9.0%, decreasing by 6.3% over the same period last year. The growth rate was basically in line with the autonomous regional and national trend.

Private investment grew rapidly. From January to August, private investment increased by 30.5%, up 61.8% over the same period last year.

Consumption remained steady. From January to August, the total retail sales of social consumer goods reached 19.533 billion yuan, up 14.7%, 2.5% higher than a year earlier.

Both fiscal revenue and expenditure were accelerated. From January to August, the public budget revenue was 6.945 billion yuan, up 21.4%, down 14.6% from a year earlier.

The financial market functioned robustly. By the end of August, the balance of RMB deposits in financial institutions in Lhasa was 294.461 billion yuan, up 8.1% from the beginning of the year and 2.6% higher than the same period of the previous year.The balance of RMB loans was 293.265 billion yuan, up 9.0% from the beginning of the year and down 12.1% from the same period last year.

Tourism industry grew strongly. From January to August, Lhasa received a total of 15,646,300 domestic and foreign tourists, an increase of 29.8%, up 10.8% from the same period last year. Total tourism revenue reached 22.999 billion yuan, up 33.4%.

The consumer price index rose modestly. From January to August, the total consumer price index increased by 1.0%.

From January to August, the economy of Lhasa City maintained a good momentum of stable development. Some problems and difficulties in development still needed further attention. Next, according to the decision and arrangement of the municipal party committee and the municipal government, Lhasa will strengthen confidence and elaborate measures to promote the steady and healthy development of the city's economy.

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