Published by World Tibet Network News - Wednesday, December 27, 1995

Beijing, December 21 (Xinhua), the Tibet Autonomous Region in southwest China has issued a series of favorable policies in a drive to attract more investment from home and abroad. According to a report by the China geology and mineral resources news, the regional government recently issued regulations saying that except for the trade or products exclusively run or controlled by the state, resources and industries in Tibet will be opened to all businesses regardless of their nature of being state-run, collectively-owned, joint venture or privately-owned. The paper said that Tibet encourages businessmen to establish joint venture or co-operative businesses to take advantage of wind power, hydro-electric power, thermal power and terrestrial heat to construct power stations. The region also encourages businessmen to make use of the preferential policies granted by the central authorities and the regional advantages to construct export-oriented manufacturing bases and processing enterprises, it said. it also said

that, investors in Tibet can have full autonomous mangement rights and the same rights with local businesses to obtain loans from any banks in Tibet and participate in border trade, and enjoy more privileged policies in tax collection, tariffs imposing and land use. It also said that Hong Kong, Macao, Taiwan and foreign businessmen whose investment exceed 200,000 US dollars will have the right of residence in the region during the period of mangement, it said.