What is the prospect of China’s tourism market?

According to reports, in September, the Shanghai Pilot Free Trade Zone officially launched the pilot project for wholly foreign-owned travel agencies to operate outbound tourism business. A certain foreign-owned travel agency was approved to become the first wholly foreign-owned travel agency to operate outbound tourism business. The relevant person in charge said, We are optimistic about the prospects of China's tourism market and feel China's determination to continue to accelerate the pace of opening up.

Experts said that in recent years, our country has accelerated the construction of a new open economic system, strived to create a more attractive international, legal and convenient business environment, and cultivated and enhanced new advantages in international competition. Among them, expanding In terms of foreign investment market access, a series of policy measures have been introduced one after another and achieved positive results.

The relevant person in charge of the Ministry of Commerce stated that since the Shanghai Free Trade Zone was established in 2013, relaxing market access for foreign investment has become a key task. The earliest negative list for foreign investment in the free trade zone had 190 restrictive measures. Later, it was gradually "downsized" to only 95 items now. In the future, we will implement the negative list that has been tried in the free trade pilot zone nationwide to provide foreign-invested enterprises with Create a better investment environment.

Analysts said that China has continued to relax restrictions on foreign investment in China through a series of pragmatic measures, especially relaxing market access thresholds for the service industry and manufacturing industry, and relaxing restrictions on foreign equity ratios in some fields. Allowing foreign companies to have more investment opportunities.

I hope more people can come to China for development!