Economy

Hainan to spend $517.6b building int'l tourist island

(Xinhua)
Updated: 2010-07-13 15:53

Hainan province would invest more than 3.5 trillion yuan ($517.6 billion) in developing itself into an international tourist island in the coming 11 years, according to the provincial tourism development commission.

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Most of the money will go to tourism and other modern services. Of the total, 1.2 trillion yuan will be spent in the 2010-2015 period.

Hainan plans to receive 31.6 million tourists every day in the three years up to 2012. By 2020, the daily tourist number will reach 76.8 million, and the tertiary sector's share in the provincial economy will hit 60 percent.