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China’s Hainan reports 9.2pc GDP growth in 2023

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China’s southernmost island province, Hainan, saw its GDP grow by 9.2 percent in 2023, as booming tourism turbocharged economic recovery, according to Hainan governor Liu Xiaoming.

The province is eyeing GDP growth of around 8 percent for 2024, Liu said while delivering a government work report at the annual session of Hainan Provincial People’s Congress.

Hainan reported a 49.9-percent increase in tourist arrivals and a 71.9-percent rise in tourism revenue last year, Liu said.

In 2020, China released a master plan to build Hainan into a globally influential tourism and consumption destination by 2035.—Xinhua

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