China to invest 2 trillion yuan by 2020

Wednesday, 14/12/2016 | 10:06 GMT-0

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China's state planner highlighted that the nation will likely be investing approximately $290 billion or 2 trillion yuan by the year of 2020 to attract a bigger number of private investments.

China's tourism and public services need improvement

According to the NDRC, the tourism industry and the public services indeed need improvement.

Furthermore, the Chinese nation aims to reach the figure of 7 trillion yuan or $1 trillion by 2020 and make tourism a key contributor to the nation with a rate of more than 10% of the yearly economic growth.

Moreover, the tourism sector, as per the economists' and the analysts' estimations, will possibly employ 50 million people, by 2020, accounting more than 10% of the nation's total employment.

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Source: https://www.argusfx.com/en/research-education/market-analysis/news/china-to-invest-2-trillion-yuan-by-2020

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