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China's tourism industry targets big investment in 2016

02/02/2016| 11:40:36 AM|

China's investments in its tourism industry is expected rise 20 percent from last year, to 1.2 trillion yuan or 180 billion U.S. dollars.

China has vowed to expand investments in its tourism industry this year.

Li Jinzao, head of the National Tourism Administration, says investment will rise 20 percent from last year, to 1.2 trillion yuan or 180 billion U.S. dollars.

Li estimates that Chinese people are expected to make over 4 billion domestic trips this year with both inbound and outbound tourist trips estimated at 260 million in total.

Meanwhile, the country is also looking to attract more overseas visitors this year.

Most inbound tourists to China come from neighboring countries such as South Korea and Japan, as well as other developed nations like the U.S. and Russia.

They account for over 60 percent of all inbound tourists in the country.

The number of visitors from Vietnam and India has also been on the rise in recent years.

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TAGS: inbound tourism | China | investments
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