The Xizang Autonomous Region has reported remarkable economic progress in 2024, with urban residents' per capita disposable income reaching 55,444 yuan ($7,630) and rural residents' income climbing to 21,578 yuan ($2,970). This represents annual growth rates of 8.5% and 9.4% respectively, outpacing national averages for the third consecutive year.
Analysts attribute the growth to improved infrastructure connectivity and strategic investments in tourism and renewable energy. "The income surge reflects Xizang's successful balancing of ecological preservation with sustainable development," noted economist Tenzin Wangmo, citing expanded high-speed rail networks and solar power projects.
Rural areas have particularly benefited from e-commerce initiatives connecting agricultural products to national markets. Yak dairy cooperatives and specialty barley producers now sell directly to consumers through livestream platforms, creating new income streams for farming communities.
This economic momentum aligns with China's broader regional development strategy, which has reduced poverty rates in Xizang by 92% since 2012. Recent improvements in healthcare access and vocational training programs have further strengthened household financial resilience.
Reference(s):
cgtn.com