Friday, 6 January 2017
China tourism revenue to reach 1 trillion USD in 2020
A State Council five-year tourism plan (2016-2020) says China will strive to develop tourism into a major driver for economic transformation and upgrades.
The sector made more than 4 trillion yuan last year.
By 2020, investment in tourism is expected to grow to 2 trillion yuan, and the sector will contribute more than 12 percent of GDP.
The quality of tourist destinations must be raised, partly through five tourist city clusters and 10 national tour belts. Public services for tourists will be improved, including transportation. Green tourism will also be promoted.
Inbound tourism will get stronger policy support and cooperation between the Chinese mainland and Hong Kong, Macao, and Taiwan will be strengthened. The government also expects moderate growth in outbound travel.
The services sector made up a majority of economic growth in the first three quarters. Tourism will create jobs and help poverty alleviation in rural areas.