Hainan to invest CNY3.5 billion in tourism industry

South China's Hainan Province plans to invest CNY3.52 trillion in the next 11 years to build the island into an international tourism island.

In the period from 2010 to 2020, the province's total fixed asset investment will total CNY 3.52 trillion, covering sectors such as tourism and other modern services. In the first five years, fixed investment will reach CNY 1.2 trillion.

The local government aims to gain CNY 31.4 billion in tourism revenues by 2012, and this is expected to grow to CNY 54 billion by 2015.

By 2020, total revenues will reach CNY124 billion.