国内英语资讯:Economic Watch: Without central SOEs, Tibets anti-poverty battle would be harder_时事

国内英语资讯:Economic Watch: Without central SOEs, Tibets anti-poverty battle would be harder

The production value of this project surpassed two million yuan in 2017, benefiting 51 impoverished people, according to Li Guowei, a COFCO manager who has been working in Tibet for nine years dealing with poverty alleviation.

Through its controlled company China Mengniu Dairy, COFCO also provided technical assistance to a dairy factory in Chengguan District of Lhasa which went into operation on Friday. With a daily processing capacity of 150 tonnes of milk and an annual output of 50,000 to 100,000 tonnes of dairy products, the factory is expected to generate a production value of 550 million yuan and tax revenue of 50 million yuan annually. It has created 300 jobs and enriched 2,460 dairy cattle breeding households nearby.

"Tibet's poverty alleviation is particularly challenging because of its weak economic foundation, adverse natural environment, the lack of skilled workers and high costs. By sharing our experiences in the food industry, we hope to foster new businesses based on local resources for sustainable growth," said Li.

By participating in the poverty alleviation work, he said COFCO had shouldered its corporate social responsibilities, as the goal of an SOE is to benefit the public. "We seek no profits here, and we focus more on capacity building and technology transfer rather than charities," he said.

BETTER INFRASTRUCTURE

Since the central government instructed central SOEs to provide long-term assistance to support the development of Tibet in 2001, more than 300 managers like Li have traveled to Tibet to help alleviate poverty. So far, central SOEs have implemented more than 1,300 poverty relief projects and arranged a poverty relief fund of more than three billion yuan.