The current occupancy rate for local hotels hovers at around 80 percent, but investors are reluctant to plow more money into new hotels, he said.
The country's big five lenders pledged in their annual earnings reports to continue to push the debt-for-equity program - one of the country's solutions to reduce the corporate debt burden and contain the risk of corporate credit defaults, which is threatening the country's financial system.
The cruise tourism to the Xisha Islands started in 2013.
The deal was finalized on Wednesday afternoon via teleconferencing and was attended by CSSC executives in Beijing, Hudong-Zhonghua Shipbuilding managers in Shanghai and leaders of Qatar Petroleum in Doha, capital of the Middle Eastern nation. Hudong-Zhonghua Shipbuilding said it will construct the "G4+Changhui" LNG carriers, which are capable of carrying 174,000 cubic meters of LNG and are characterized by their high speed, low fuel consumption and light weight.
The culture carnival is expected to gather around 30,000 people from home and abroad, according to the official.
The courier industry delivered over 651 million packages during the holiday, up 47.68 percent year-on-year, the State Post Bureau said on Sunday. Online sales of traditional foods such as zongzi-made of glutinous rice-soared during the holiday.
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The deal has helped the company ditch its loyalty efforts for more holistic programs in both China and the US, where shoppers can gain credits toward an order discount or a promotional reward toward future purchases of a selection of products sold from 55haitao.
The court held the defendant Yao Gang, as a State functionary who used the convenience of his position to seek benefits for others and illegally accepted properties through his close relatives, committed the crime of bribery.
The cross-border logistics public service system is expected play its part in aiding the restoration of the global supply chain.
The crash of a Lion Air plane in Indonesia last October that killed all 189 people on board and the crash in Ethiopia have left the world's largest planemaker in crisis as its top-selling jetliner is grounded worldwide.