{"id":33022,"date":"2007-12-24T05:30:43","date_gmt":"2007-12-23T21:30:43","guid":{"rendered":"http:\/\/www.chinahospitalitynews.com\/2007\/12\/24\/5331-foreign-investment-eyes-chinese-tourism-market\/"},"modified":"2007-12-24T05:30:43","modified_gmt":"2007-12-23T21:30:43","slug":"foreign-investment-eyes-chinese-tourism-market","status":"publish","type":"post","link":"https:\/\/www.chinahospitalitynews.com\/cn\/2007\/12\/24\/33022\/","title":{"rendered":"Foreign Investment Eyes Chinese Tourism Market"},"content":{"rendered":"<p>At present, annual foreign investment estimates of RMB30 billion to RMB40 billion account for 25% of total Chinese tourism capital.<!--more--><\/p>\n<p>The National Tourism Administration of China said that during the period of the 11th Five-Year Plan, China plans to build 12,697 tourism projects with more than RMB1.78 trillion of investment, of which over RMB138.5 billion are from foreign enterprises.<\/p>\n<p>According to media reports, Chinese tourism industry will maintain 10% of year-on-year growth, and individual tourism consumption will increase by 9.8% annually while corporate, group and business traveling grow by 10.9%. By 2010, China's total tourism revenue will account for 8% of its GDP.<\/p>\n<p>Foreign investments in mainland tourism sector are mainly from 27 countries and areas, among which, Hong Kong, United States and Britain made the top three, respectively occupying 50%, 11% and 9% of total foreign investment. The attractive areas for foreign business investment are still focused on the eastern regions of China.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>At present, annual foreign investment estimates of RMB30 billion to RMB40 billion account for 25% of total Chinese tourism capital.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12723],"tags":[],"class_list":["post-33022","post","type-post","status-publish","format-standard","hentry","category-english"],"_links":{"self":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/posts\/33022","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/comments?post=33022"}],"version-history":[{"count":0,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/posts\/33022\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/media?parent=33022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/categories?post=33022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/tags?post=33022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}