China's Sanya city sees higher tourist arrivals, spending in 2025

Sanya, a city of tropical island province of Hainan in south China, welcomed 36.1582 million tourists in 2025, an increase of 6.81 percent from the previous year, local authorities have announced.

Tourist spending in the city has surpassed the 100-billion-yuan threshold for the first time, reaching 103.26 billion yuan (approximately 14.342 billion U.S. dollars), a year-on-year rise of 9.46 percent.

In 2025, the number of inbound overnight tourists to Sanya has surpassed 1 million for the first time, reaching 1.0614 million, up 41.38 percent year on year. Meanwhile, overnight tourist spending in the city totaled 934 million U.S. dollars, growing 66.65 percent year on year.

China's Sanya city sees higher tourist arrivals, spending in 2025

China's first batch of commercial real estate investment trusts (REITs) debuted on the Shanghai Stock Exchange on Thursday, which was expected to help better use commercial real estate resources to serve the real economy.

The four commercial REITs' underlying assets cover mature commercial formats such as commercial retail and office buildings, which are located in core areas of cities including Beijing, Shanghai, Zhengzhou, Xi'an and Harbin.

The listings could help the asset owners raise funds and promote asset-light operation, while the investors could indirectly hold commercial properties and obtain dividend incomes from operating revenues such as rents.

China debuts commercial real estate investment trusts