Tibet online

Economy of Tibet

Tibet has an economy which is historically based on agriculture and livestock. Due to the government planning has greatly increased the productivity of the Tibetan economy. In recent years there have been advances made towards tourism, mining, and other businesses which provide construction materials. The Chinese government has developed plans to increase the productivity of the mining industry. Recently in the highlands of Tibet large deposits of minerals have been found, many which are vital to industry. Types of minerals such as: aluminum, copper, iron, lithium, and others. These minerals were found near to the Lhasa railway which could provide for an easier access. With the plans set into motion for the development of the mining industry in Tibet, this province could provide for a positive increase in the Chinese economy. Tourism has been encouraged in recent years and has provided new jobs for the Tibetans. It has helped to relieve some of the over-grazing of the steppes of Tibet due to the traditional herding. Also the government of China has begun and continued to put funding into restoring Tibetan historical monuments and provide for new museums. The art of Tibet is beginning to be preserved in monuments and in museums. The Potala Palace has been a major source of traveler interest and due do this influx, visitors have been regulated. The government has regulated visitors to help preserve the integrity of the Potala Palace’s structure. Even with these increases in tourism and mining; agriculture and livestock continue to be the highest source of income in Tibet. With Tibet’s increasing drive for infrastructure and development it should prove to be a productive economy within China in the years to come.