The past five years have been an era of remarkable transformation and unprecedented progress for Xizang autonomous region, a period defined by rapid development and innovation, Karma Tsetan, chairman of the regional government, said on Saturday.

The region fully embraced high-quality development as a core principle of the new era in its development philosophy, which has propelled the establishment of a pilot zone for high-quality plateau economy development — leading to significant advancements in economic scale, efficiency, and vitality.

Karma Tsetan announced the achievements on Saturday while delivering a government work report at the annual session of the regional People's Congress.

Over the past five years, Xizang's GDP has maintained an average annual growth rate of 6.3 percent, surpassing two major milestones, each exceeding a total of 20 billion yuan ($28 billion).

The region achieved a breakthrough in 2025 as its GDP surpassed 300 billion yuan for the first time.

Meanwhile, local fiscal revenue and expenditure have exceeded 30 billion and 300 billion yuan, respectively, showcasing robust economic expansion, Karma Tsetan said.

"Xizang has identified effective investment as the driving engine of economic growth, initiating a mechanism that assigns provincial leaders to oversee major projects," he said, adding that with steadfast support from aiding provinces and central enterprises, the momentum of key projects has accelerated significantly, fueling continued progress across diverse sectors.

In tandem with these efforts, Xizang has prioritized service provisions and has actively integrated into the new development paradigm.

Plateau-specific and advantageous industries have witnessed steady expansion as urban and rural infrastructure connectivity has advanced.

Simultaneously, equal access to basic public services has seen marked improvement, enhancing the well-being of the population.

Xizang's openness to the outside world has steadily increased, enabling a regional development framework to take shape, he said.

"The potential of the region's resources has been fully leveraged, fostering balanced and sustainable economic growth that enhances both stability and opportunity."