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The recommendation and signing ceremony for tourism projects in Shaanxi Province is held in Xi'an

The recommendation and signing ceremony for tourism projects in Shaanxi Province was held in Xi'an on August 4th. 35 projects were signed with the contract (agreement) amount of 28.491 billion yuan, involving tourism infrastructure, tourism service facilities, tourism strategic agreement, new forms of tourism, and so on. 

Gao Zhongyin, Director of Shaanxi Tourism Development Committee, said in his speech that the direct investment in tourism in 2016 accounted for 11.21% of total investment in fixed assets in Shaanxi Province. It is expected that the direct investment in tourism in 2017 will reach 100 billion yuan, with the growth rate of the number of projects in operation and the investment that has been completed remaining at around 30%. And, by 2020, the direct investment in tourism is expected to reach 800 billion yuan.