China has brought forth a series of new measures that are to be
implemented to boost the nation’s tourism industry and economy, as per
the guidance released by the State Council on Thursday. According to
travel trade analysts, the Chinese government is aiming for spending on
domestic tourism to reach 5.5 trillion yuan ($894 billion) by 2020 with
tourism accounting for more than five percent of GDP.
“Tourism has a big impact on environmental protection and industrial
structure adjustment. So, speeding up the development of the tourism
sector could bring the comprehensive effects in different fields,” said
Dai Xuefeng, Director of Tourism Research Center of CASS.
The new initiatives will also make it easier for investors to invest
in the sector. “We will further support our own enterprises and we’ll
also encourage the development of the intellectual property rights in
those companies. Besides, we’d like to see mergers and restructuring in
those tourism companies,” said Peng Fuwei, Deputy Director of Department
of Social Development of NDRC.
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