Tourism: Tourism investment rising
(Xinhua)
Updated: 2006-07-20 15:22
Investment in China's tourism industry is rising at more than 12 percent a
year and will total 1.9 trillion yuan (230 billion U.S. dollars) by 2010, the
China National Tourism Administration (CNTA) forecast.
Strong tourism
demand has fueled the average annual investment growth rate of 12.2 percent over
the last five years, said Wu Wenxue, a senior official with the CNTA.
The
figures were released at an event to promote the China Tourism Investment
Symposium in Ningbo city, East China's Zhejiang Province, on November 1 and 2.
As China's economy developed and living standards improved, investment
in tourism was growing, especially from private enterprises, said Zhu Zhizhen,
director of Ningbo Tourism Administration.
(For more biz stories, please visit Industry Updates)
|
