China’s Xizang has vigorously promoted the development of private economy. As of the third quarter of last year, 523,900 private economic business entities accounted for 97.4% of all business entities in Xizang. The total tax revenue of private economy was 22.498 billion yuan, accounting for 76.25% of Xizang's total tax revenue. The private economy has absorbed more than 80% of the labor force in Xizang. 

Photo: Xizang Daily

Editor: Zhang Qi, Luo Rongting

Translator: Luo Rongting, Zhi Xinghua

Review: Dong Xiuli, Zhang Qi