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Without central SOEs, Tibet's anti-poverty battle would be harder
September 10,2018   By:Xinhua
LHASA, Sept. 10, 2018 -- Tibet's poverty levels are more than double that of China's average and the region seeks to garner more support from the country's centrally administered state-owned enterprises to alleviate this poverty.
 
Official statistics show that the amount of poverty in Tibet is unlike that found in other Chinese provinces. With all counties within its jurisdiction living in absolute poverty, Tibet is the only provincial region listed among the country's 14 toughest battlefields against poverty. Most of the other battles are being fought in mountainous counties.
 
Five years ago, Tibet had some 860,000 impoverished people and a poverty rate of 35.2 percent. With the impoverished population cut to 330,000, Tibet's poverty rate fell to 7.9 percent, still much higher than the national average of 3.1 percent.
 
With China's goal to eliminate poverty within its borders by 2020, the regional government of Tibet has relied on centrally-administered SOEs' contributions over the past decades, which have significantly boosted the local economy.
 
On Friday, a work conference was held in Lhasa attracting delegates from more than 40 central SOEs, where 15 new cooperation agreements were signed by a dozen SOEs, involving an aggregate capital input of 16.96 billion yuan.
 
When addressing the conference, Wu Yingjie, Communist Party of China (CPC) chief of Tibet Autonomous Region, said having central SOEs provide assistance to Tibet is "a state strategy of China revealing the advantages of the Chinese socialist system," as it will help narrow the regional development gap and make it possible for the country to be a well-off society in all aspects.
 
HEAVYWEIGHT PLAYERS
 
China has 98 SOEs centrally administered by the State-owned Assets Supervision and Administration Commission, whose aggregate profits exceeded 1.4 trillion yuan for the first time last year, up 15.2 percent from a year earlier.
 
In July, 120 Chinese enterprises were listed among the 2018 ranking of the Fortune Global 500, of which 48 are central SOEs, engaging in oil, petrochemical, coal, railway construction, building materials, manufacturing, modern services, and other industries.
 
In Tibet, central SOEs have capitalized on their respective advantages to cultivate new business, provide technical training, offer medical assistance, build schools and facilitate cultural and economic exchanges.
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