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China’s tourism industry would accelerate its opening up and welcome more major foreign companies to invest in China as well as encourage domestic tourism enterprises to go abroad,…
China’s tourism industry would accelerate its opening up and welcome more major foreign companies to invest in China as well as encourage domestic tourism enterprises to go abroad, said Shen Huirong, an official with the China National Tourism Administration, last week.
China will allow leading foreign travel agencies to take control in joint ventures in some cities with booming tourism this year, and its tourism industry may further consider fulfilling its World Trade Organization (WTO) commitments earlier than expected when conditions are ideal, Shen said.
China has 11 joint venture travel agencies, involving investors from Switzerland, Japan, France, the United States and Singapore. It has travel agencies in 14 world cities.
Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales. She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.
