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Economy · General Survey · Financial Revenue and Expenditure · Agriculture, Animal Husbandry and Forestry · Industry and Building Industry · Investment in Fixed Assets · Domestic Trade · Foreign Economic Relations and Trade · Banking and Insurance · Programs Undertaken According to the "11th Five-Year Plan"  General Survey Before the peaceful liberation in 1951, Tibet was a land-locked region without any modern industry. More Financial Revenue and Expenditure In 2006, Tibet's financial revenue reached 1.727 billion Yuan, a rise of 20.5 percent over the previous year. This included ordinary budgeted income amounting to 1.456 billion Yuan, up 21.0 percent; the added value rose by 27.2 percent, business tax 4.7 percent, and local financial income as a percentage of local financial revenues was six percent. More Agriculture, Animal Husbandry and Forestry As the leading industries in Tibet, agriculture and animal husbandry have weak foundations due to factors related to history and nature. More Industry and Building Industry In 2006, taking full advantage of the opening of the Qinghai-Tibet Railway, Tibet vigorously developed the mining, Tibetan medicine, green food, beverage and building material industries, and the overall industrial economy saw faster development. More Investment in Fixed Assets In 2006, centering on infrastructure construction, Tibet continued increasing its fixed assets investment. The amount of fixed assets investment reached 23.235 billion Yuan, an increase of 18.4 percent. This included 6.553 billion Yuan raised publicly, an increase of 99.5 percent. More Domestic Trade In 2006, taking full advantage of the historical chance of the opening of the Qinghai-Tibet Railway, Tibet worked to further normalize market order, which promoted the constant increase of consumption demand concerning tourism, vehicles, housing, catering and recreation. More Foreign Economic Relations and Trade The successful trial run of the Qinghai-Tibet Railway on July 1, 2006 and the resumed opening of the trade passage at the Nathu La Pass at the boundary of China and India on July 6 combined to accelerate the increase of foreign trade. More Banking and Insurance At the end of 2006, the deposit balance denominated in both local and foreign currencies in all financial institutes in Tibet reached 54.574 billion Yuan, up 19.5 percent over the end of 2005. More Programs Undertaken According to the "11th Five-Year Plan"  In January 2007, the Central Government officially approved the Scheme on the Items in the "Five-Year (2006-2010) Plan" of Tibet Autonomous Region, making an investment of 77.88 billion Yuan for the construction of 180 projects. More

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