Home
>>
Business
Last updated at: (Beijing Time) Tuesday, October 21, 2003
Foreigners make inroads in tourism
China is opening up its tourism industry ahead of schedule, as a run of new foreign-controlled travel services enter the market.
PRINT
DISCUSSION
CHINESE
SEND TO FRIEND
China is opening up its tourism industry ahead of schedule, as a run of new foreign-controlled travel services enter the market.
Zhang Xiqin, vice-chairman of the China National Tourism Administration, made the comment during the 15th Session of the General Assembly of the World Tourism Organization, which will run until October 24 in
Beijing
.
He said the German-based Touristik Union International will co-operate with China Travel Service, one of the three largest travel agencies in China, to set up a joint-venture travel agency.
It will be the first such joint venture in which foreigners will control most of the shares, according to Zhang.
He said this milestone will be reached one year ahead of the schedule agreed with the
World Trade Organization
.
The tourism administration also agreed in July this year to allow
Japan
Airlines to set up a trial wholly foreign-owned travel service - four years ahead of the commitment made to the World Tourism Organization, said Zhang.
He also announced that the
United States
-based Business Travel International has signed a memorandum of co-operation with the Jin Jiang International Group in
Shanghai
to set up a joint venture travel agency. The US firm will also control shares in this venture.
According to a tourism administration and Ministry of Commerce rule which came into effect on July 12, foreign operators will be able to open outlets in five major cities and 12 government-designated resort areas. The cities are Beijing, Shanghai, Guangzhou, Shenzhen and Xi'an.
But foreign travel agencies will not be permitted to arrange tours for Chinese mainland citizens to foreign countries, to the
Hong Kong
and
Macao
special administrative regions, or
Taiwan
Province.
Zhang said that at the ongoing general assembly of the World Tourism Organization, China's tourism minister He Guangwei will hold talks with more than 30 of his overseas counterparts and will sign documents of tourism co-operation with several of them.
The vice-chairman said China's tourism industry was among the first to bring in foreign investors.
Questions?Comments? Click
here
Advanced
China's First Foreign-funded Travel Agency Approved
Domestic Tourism Market Opened to Foreign Investment
China accelerates opening of tourism market
High-speed rail from Shanghai to Beijing reconsidered
( 3 Messages)
China's central bank governor on exchange rate of RMB
( 3 Messages)
Japan to pay China 300m yen for lethal gas leak incident
( 4 Messages)
Chinese, US presidents to meet in Bangkok
( 21 Messages)
Bush: China's manned space mission is not a threat
( 5 Messages)
Copyright by People's Daily Online, all rights reserved