China To Seek Foreign Investment In Tourism Industry
BEIJING -(Dow Jones)- China will seek to attract foreign investment in its
tourism industry and broaden access to the market, as it aims to foster growth
in the tourism sector, the government said Wednesday.
The State Council, or the nation's Cabinet, said it will encourage the
restructuring of state-owned tourism companies and encourage fair participation
by private and state-owned businesses in the tourism sector.
However, it didn't elaborate on its plan to increase foreign investment in the
tourism sector.
Beijing has been trying to develop its services sectors, such as tourism, to
reduce the country's reliance on polluting industries for economic growth, and
create more jobs. It will "nurture the tourism industry into a strategic
backbone sector in the national economy," the State Council said in a statement
on the central government's Web site.
-By Terence Poon, Dow Jones Newswires; 8610 8400-7799; terence.poon@
dowjones.com
(END) Dow Jones Newswires
11-25-090703ET
Copyright (c) 2009 Dow Jones & Company, Inc.
|