Qingdao Earmarks RMB41.4 Billion For Tourism

The Qingdao Municipal Government says that it will invest RMB41.6 billion this year for travel project construction in the city.

The projects covered by these funds include Polar Ocean World which will open for business in the first half of the year and the Modern Art Center that will be completed and opened at the end of the year.

The city will also build 11 new five-star hotels and seven four-star hotels, including the second phase of Shangri-la Hotel, Ocean Expo Center Hotel and Jimo Hot Spring Dynasty Hotel that will be completed this year.