--- SEARCH ---
WEATHER
CHINA
INTERNATIONAL
BUSINESS
CULTURE
GOVERNMENT
SCI-TECH
ENVIRONMENT
LIFE
PEOPLE
TRAVEL
WEEKLY REVIEW
Learning Chinese
Learn to Cook Chinese Dishes
Exchange Rates
Hotel Service


Hot Links
China Development Gateway
Chinese Embassies
Info
FedEx
China Post
China Air Express
Hospitals in China
Chinese Embassies
Foreign Embassies
Golfing China
China
Construction Bank
People's
Bank of China
Industrial and Commercial Bank of China
Travel Agencies
China Travel Service
China International Travel Service
Beijing Youth Travel Service
Links
China Tours
China National Tourism Administration

Domestic Tourism Market Opened to Foreign Investment

China just approved a regulation allowing foreign investment in travel agencies, much earlier than World Trade Organization (WTO) commitment.

Less than one week after the issue of the regulation, Jalpak was allowed to set up a totally foreign funded travel agency.

"Foreign enterprises will promote the brands formation of China's travel agencies," said Wu Bihu, an expert with Beijing University.

Some people argued, the limitation in the new regulation such as not allowed doing business in outbound tourism market or setting up subsidiaries, prohibited further development of foreign funded travel agencies.

"To develop in a local environment is a disadvantage for foreign companies," said Zhang Shangzhi, chief representative of Accor Group.

Last year, American Rosenbluth and China Comfort established a joint venture. American Express and China International Travel Service also followed suit. They aimed at China's business travel market with the total cost of 4 billion US dollars annually.

Wu said, foreigners often started from business travel market, where they are more familiar and easy to gain profit. Chinese government also hoped that they can enter the comparatively weak area.

To learn from others is the most urgent thing for domestic travel agencies to do. The joining of foreign capital will bring more vitality to China's market, said Du.

 

(People’s Daily July, 2003)

China's First Foreign-funded Travel Agency Approved
Domestic Tours to Resume
Return of 'Quality Deposit' Helpful for Travel Agencies
Hard Labour for Tourism This Holiday
World's Largest Youth Travel Agency Comes to Shanghai
More Tour Destinations
New Rules Outlined for Travel Agents
Tourism Board Tells 170 Travel Agents to Take a Hike
Will Travel Agents Get the Access to Share Markets?
Print This Page
|
Email This Page
About Us SiteMap Feedback
Copyright © China Internet Information Center. All Rights Reserved
E-mail: webmaster@china.org.cn Tel: 86-10-68326688