TibetCulture
 

Home > Index > Latest News
 
 
From: Xinhua 2017-11-02 15:05:00
by:
Text size
Tibet gains from Belt and Road Initiative
October's recent national holiday proved a good week for Dibu, a Nepalese merchant in Burang, a Tibetan county sharing 400 km of border with Nepal and India.
 
As the third generation in his family to do business in Burang, the only port of entry for foreign trade in Ngari Prefecture, Dibu has worked in the family business since he was 19 years old. Now, he is 54.
 
Winter is coming, and Dibu is busy purchasing goods before heavy snow cuts off the mountain road back to his home. The Chinese commodities should help him make a fortune by the end of the year.
 
"We can make 300,000 to 400,000 yuan (45,230 to 60,307 U.S. dollars) a year, far more than what we can earn in Nepal," he said.
 
The per capita gross national income in Nepal was 730 U.S. dollars last year, according to the World Bank data.
 
"Burang port is getting more prosperous as China promotes the Belt and Road Initiative. I am sure our business will continue to grow in the future," Dibu said.
 
Tibet, which is seeking a bigger role in the Belt and Road Initiative, has seen its economic growth on the fast track despite a slowing national economy in recent years.
 
Tibet's GDP has been one of the best performing in China over the past three years, with this year's half-year GDP growth reaching 10.8 percent, underpinned by strong investment in infrastructure and robust consumption, according to the region's statistics bureau.
 
Tibet Customs said the region's foreign trade rose 22.1 percent year on year to 4.7 billion yuan in the first three quarters.
 
General trade surpassed petty trade to become Tibet's main foreign trade this year. In the first three quarters, imports and exports of general trade soared by 80.5 percent to hit 3 billion yuan, taking up 63.4 percent of Tibet's total foreign trade.
 
The fast growth in foreign trade benefited from a better business environment, infrastructure and trade policies, according to Yin Weifeng from Tibet Customs.
 
Reforms in customs procedures are being carried out to push forward the building of an economic belt in the Himalayan region and Bangladesh-China-India-Myanmar Economic Corridor. A China-Nepal cross-border economic cooperation zone is also being created.
 
The Belt and Road Initiative has opened more opportunities for the border region. China is aiding Nepal in a series of infrastructure projects including roads, power grids, bridges and industrial parks, all of which will become important channels to strengthen China-South Asia trade, where Tibet is an important gateway.
 
Tibetan enterprises are taking advantage of these opportunities to enter the overseas market.
 
In September last year, Libo Construction, along with several domestic companies, jointly undertook construction of a high voltage power line project in Ethiopia, becoming the first private enterprise in Tibet to enter Africa.
 
"All our achievement should be attributed to the Belt and Road Initiative, which gave domestic companies the confidence to walk out," said Tang Guozhong, chairman of Libo Construction.
 
Gaining confidence from Libo's success, 10 companies in Tibet have stepped into the overseas market, and many more are willing to follow suit.
 
[editor : ]
 
Save/Share
添加到百度搜藏
 
 
TibetCulture
Related Stories
 
· Tibet starts work on new Culture and Tourism Park
· Snapshots of sutra flags on Mt Segyi La
· East Guro-Haizishan Road project upgraded in Sichuan
· Road leads to wealth
· Tibet to spend 7 bln yuan in 2010 on road construction
· Road constructions completed from Namtso to Bangoin
 
 
Features
 
 
  Most Popular
  • FM spokesman: China willing to maintain communicatio...
  • The Panchen Lama holds a Buddhist event at Chamdo
  • China's top political adviser stresses rule of law i...
  • Traditional “Bathing Festival” celebrated in Tibet
  • Snow chrysanthemums blooming on the plateau
  • High-level Tibetan Buddhism College of China celebra...
  • 11th Panchen Lama holds Buddhist activities in Qinghai
  • Cross-Strait journalists visit Tibetan tea village
  •   CAPDTC News
  • CAPDTC hosts New Year reception
  • 11th Panchen Erdeni Qoigyi Gyibo donates and prays f...
  • Top Chinese political advisor meets attendees at CPA...
  • Top political advisor stresses protection of Tibetan...
  • Overseas Chinese urged to introduce Tibet in foreign...
  • CAPDTC: Newly-elected directors vow to protect Tibet...
  • Representatives at 2nd Conference of CAPDTC
  • New leadership elected in CAPDTC Executive Council
  •   Latest News
  • Tibet gains from Belt and Road Initiative
  • Xi encourages Tibetan herders to safeguard territory
  • Tibet Museum to expand
  • Cultural exchange: Tibetan Buddhist monks visit Taiwan
  • More than 1,000 snow leopards estimated to live in S...
  • The highest populus euphratica forest in the world
  • Snow scenery of NW China
  • People’s livelihoods improved in China's Tibet and ...
  •   Lesson Six: Family
      Hello, Everyone! Welcome to Learning Tibetan. In this lesson, we will learn some new words and sentences about family.
     
    TibetCulture
    About Us
    |
    Contact Us
    |
    Site Map
    |
    Legal Warning
    Copyright © China Association for Preservation and Development of Tibetan Culture ( CAPDTC )