China pumps investment to projects in virus-hit cultural tourism

Source:Xinhua Published: 2020/3/1 15:27:21

Performers play drums at the opening ceremony of the First Snow & Ice Cultural Tourism Festival in Jingyuan County of Guyuan, northwest China's Ningxia Hui Autonomous Region, Dec. 26, 2019. (Xinhua/Jia Haocheng)


China's top economic planner has allocated 5.7 billion yuan (about 814 million US dollars) to support project construction in the cultural tourism industry that has taken a hard hit by the novel coronavirus outbreak.

The investment will be used on 485 projects including protection facilities of national cultural and natural heritage and tourism infrastructure, according to the National Development and Reform Commission.

The latest batch of funds brought total investment from the central budget to the sector to 27.8 billion yuan for the 13th Five-year Plan period (2016-2020).

While the epidemic has brought a "shock period" to the cultural tourism industry, active investment will help push the construction of major tourism projects, boost industry confidence and enable the sector to play its role in spurring economic recovery, the commission noted.

Posted in: ECONOMY,BIZ FOCUS

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