Tibet’s economy maintains good momentum in 1st quarter

By:China Tibet News
update:April 27,2018

April 27, 2018 -- In the first quarter of this year, Tibet's economy maintained good momentum and main economic indicators all basically reached the expected target, according to the financial operation analysis meeting held recently. By the end of March, it was expected that the stock of social financing was 574.7 billion yuan, an increase of 22.5% over the same period last year and 12% higher than the national growth rate.

This year, Tibet's financial system will increase financial support for the real economy by focusing on serving the real economy, preventing financial risks and deepening financial reform. This measure can play an important role in the economic and social transformation from high-speed growth to high-quality development.

To promote the high-quality economic development, Tibet's financial system will implement the new development concept, serve the supply-side structural reform, boost the development of real economy, increase credit support, maintain the reasonable growth of monetary credit and social financing, and control financial risks.

By: Zhi Xinghua