204 million yuan invested by Sinopec Group for Baingoin, Tibet

July,28 2016 BY Master Catherine Jigme 0 COMMENTS

Tibet Autonomous Region is an important part of China. People who have Tibet travel can understand the attention that Chinese government has payed on it. From time to time Non profit organizations and large state-owned enterprises will cooperate with Tibetans to help its economic and social development. China Petrochemical Corp. has invested 204 million yuan (32.38 million U.S. dollars) in Baingoin county over the past decade in a bid to boost its economic development.

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The oil giant, the country's largest oil refiner, has invested for Baingoin,also sent 12 cadres to Tibet and it build 92 projects during the last ten years.

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Located at an altitude of 4,745 meters above sea level, Baingoin is one of the poorest counties in Nagqu prefecture in Tibet autonomous region.

Due to investment by state-owned enterprises and local governments, Baingoin's gross domestic product rose to 352 million yuan in 2011, up 161 percent from ten years earlier.

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The county's fiscal revenues jumped to 7.05 million yuan, an increase of 370 percent from 2002. Local herders had a per capita income of 4,190.37 yuan last year, up 188.9 percent from ten years ago.

About the Author - Master Catherine Jigme

With exceptional passion and outstanding leadership, Mrs. Catherine has dedicated herself to Tibet inbound tourism and China tour for 15 years. As one of the handful females who see great potential of Chinese inbound tourism, Catherine has made great contribution to promoting Tibet tourism and enhancing the employment of Tibetans and prosperity of local Tibetan community.

Over the years, she travelled overseas with Tibet Tourism Bureau many times to promote Tibet tourism. Currently, Catherine works as the marketing director of Tibet Vista, an opinion leader behind the whole team of Tibet Vista.

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