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Yuan

Towering Buddha beckons

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Mark O'Neill

The currency may be strong and transport links to the outside world inadequate, but the Chinese town of Sanya is preparing for an influx of tourists.

The Hainan island beach resort is banking on a Buddha 14 metres taller than New York's Statue of Liberty. Construction started a week ago.

The stone, four-faced Kuan Yin Buddha will be 108 metres high, against 93.5 metres for the Statue of Liberty.

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It will cost 400 million yuan (HK$372 million) and take 15 months to build.

The Buddha is to be financed by selling the faithful the right to inscribe their names on one of 100,000 miniature Kuan Yins, to be placed inside the statue.

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The cost: 8,000 yuan (HK$7,900) each.

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