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Historic transformation in Xizang across the ages 11 — From being heavily in debt to every household having savings

Source:xzxw.com 2025-08-27

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In old Xizang, there were countless exorbitant taxes and levies. Serfs had to pay a birth tax when they had a child, a human service tax if they were displaced to other places, and even a snow-clearing tax when it snowed. Almost every generation was in debt. As of the end of December 2023, the total deposit balance of financial institutions (in both local and foreign currencies) in Xizang reached 644.631 billion yuan RMB, and the people are now leading a prosperous life. In 2024, the per capita disposable income of all residents in Xizang was 31,358 yuan RMB, an increase of 8.2% compared with the previous year, and the people led a prosperous life.

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