HAIKOU /China/, October 25. /TASS/. The period since the 2012 18th Congress of the Chinese Communist Party was an important milestone that allowed the city of Sanya (south coast of Hainan Island) to lay a solid foundation for innovative development. This was reported by the Sanya Daily newspaper.

The newspaper refers to the analysis of official data, which shows that over the past 10 years the share of services in the structure of the economy of the city has grown by 8.6 percentage points. At the same time, as noted, the role of modern industries of this sector has sharply increased. It became one of the key factors that helped the gross regional product of Sanya grow 2.6-fold in 10 years, reaching 83.54 billion yuan ($11.65 billion at the current exchange rate).

According to the published statistics, tourism, especially its international and consumer segments, remains extremely important in the development of the city. In 10 years, the income that Sanya's population receives from vacationers has tripled.

However, high technology is playing an increasingly important role in the city's development. In recent years Hainan has become a major scientific and industrial center in the field of selective breeding, as well as in the implementation of deep-sea projects. This has allowed Sanya to take an active part in China's key strategic programs related to food and energy security.

Sanya is one of the key centers of Hainan's economic development, with the service sector providing a large part of its income. The island's administration plans to turn the city into a leading financial and economic center with advanced infrastructure and the headquarters of major Chinese and foreign companies. This large population center, also known worldwide as a first-class resort, is transforming itself year after year, attracting the attention of more and more investors.