In the first seven months of this year, Tibet’s fixed asset investment reached nearly 19.72 billion yuan, providing employment for 7,997 people within the region and generating labor income of some 88.91 million yuan.
According to the investment promotion bureau of the regional development and reform commission, Tibet has optimized its business environment and rolled out favorable investment policies this year.
In terms of tax policies, enterprises can enjoy a reduced enterprise income tax rate of 15 percent in accordance with the Western Development Strategy. To bolster characteristic industries such as tourism, culture, clean energy, green building materials and plateau biology, the government has established a dedicated 11 billion yuan investment fund as part of its industry support policies.
Chinese yuan strengthens last week
BEIJING, Sept. 11 (Xinhua) — Chinese yuan strengthened against a basket of currencies last week, according to the China Foreign Exchange Trade System (CFETS).
The CFETS yuan exchange rate composite index, which measures the yuan’s strength relative to a basket of currencies, gained 0.56 points from the previous week to 97.77, according to the CFETS.
The index compares the yuan’s value with the value of 24 currencies, including the U.S. dollar, the euro, and the Japanese yen.
Last week also saw an index measuring the yuan against the Bank for International Settlements currency basket edge up 0.5 points from the previous week to 102.17.
The index measuring the yuan against the Special Drawing Rights basket rose 0.22 points