On October 16, Ningxia Tourism Group Co,. Ltd was officially established under the approval of the people’s government of Ningxia Hui Autonomous Region.
The government decided to enhance the core competitiveness of Ningxia’s tourism, and plans to build the corporation as a modern competent one in 5 years.
The specific goal is to establish 8-10 subsidiaries and 1-2 listed companies. Moreover, it also aims to found two 5A-level scenic areas, three to five 4A ones and some star hotels. The corporation pursues to achieve a turnover of more than 1 billion yuan in the next 5 years with a total profit of over 100 million.
