LINE

    Text:AAAPrint
    Economy

    Wanda plans shopping complex on south China island

    1
    2016-12-01 16:42Xinhua Editor: Feng Shuang ECNS App Download

    Chinese property and entertainment giant Wanda Group will build its 16th shopping complex in Haikou, capital of South China's Hainan province.

    Wanda Group has signed a cooperation deal with authorities in Haikou for the 50-billion-yuan deal ($7.2 billion).

    Wanda's shopping complexes generally feature a shopping mall, IMAX cinemas and restaurants.

    Under the agreement, the complex to be built at a beach resort on the picturesque tropical island of Hainan will also boast a theme park, convention facilities, a bio-park and other tourist facilities and hotels. It is scheduled to open in late 2020.

    Hainan aims to become China's primary tourism destination. The island expects to receive 58.69 million tourists in 2016, including 640,000 from overseas, bringing in 65 billion yuan in tourist revenue, according to the provincial tourism development commission.

    Wanda plans to build the Haikou complex into a high-end resort center by taking advantage of the island's tropical scenery and the convenient location, which is 16 km away from the Meilan International Airport.

    Although shopping malls face growing competition from e-commerce in China, Wanda said that people have started going to shopping malls for fun and the company is pushing ahead development of shopping and entertainment complexes in Chinese cities.

      

    Related news

    MorePhoto

    Most popular in 24h

    MoreTop news

    MoreVideo

    News
    Politics
    Business
    Society
    Culture
    Military
    Sci-tech
    Entertainment
    Sports
    Odd
    Features
    Biz
    Economy
    Travel
    Travel News
    Travel Types
    Events
    Food
    Hotel
    Bar & Club
    Architecture
    Gallery
    Photo
    CNS Photo
    Video
    Video
    Learning Chinese
    Learn About China
    Social Chinese
    Business Chinese
    Buzz Words
    Bilingual
    Resources
    ECNS Wire
    Special Coverage
    Infographics
    Voices
    LINE
    Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
    Copyright ©1999-2018 Chinanews.com. All rights reserved.
    Reproduction in whole or in part without permission is prohibited.
    主站蜘蛛池模板: 合水县| 平利县| 辽阳县| 乃东县| 西乡县| 和林格尔县| 黄梅县| 曲水县| 德清县| 南阳市| 三原县| 兴海县| 临潭县| 若尔盖县| 延安市| 玉溪市| 当阳市| 德州市| 鲁山县| 灵丘县| 库车县| 遵义市| 星子县| 斗六市| 晴隆县| 徐汇区| 浮山县| 盈江县| 永嘉县| 宾川县| 汶上县| 石泉县| 凤城市| 沙洋县| 黔东| 科技| 隆尧县| 沿河| 长春市| 永康市| 霞浦县|