Hainan FDI picks up in December

The State Council's decision to develop the southern province of Hainan into a top international tourism destination by 2020 has given foreign investment to the island a big boost.

In the first 11 months of 2009, Hainan's foreign direct investment fell by more than a quarter because of the global financial crisis. But it picked up in December to reach 122 million US dollars, just over one and a half times the average of the first 11 months.

Hainan's tourism development has become a national strategy, enjoying policy, capital, and other support policies from the government. Industry insiders say it will offer more opportunities for overseas enterprises to tap the Chinese market.