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Article: China eases capital restrictions on foreign travel agencies

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Xinhua News Agency
Article date:
January 19, 2007
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China eases capital restrictions on foreign travel agencies

JINAN, Jan. 19 (Xinhua) -- The Chinese government is to ease the registered capital requirement on foreign-funded travel agencies from July 1, according to the National Tourism Administration (NTA).

This will be four months ahead of the Nov. 11 deadline set by the World Trade Organization (WTO) for China's accession.

China had fulfilled some WTO commitments regarding the tourism sector ahead of schedule or on time, and would fulfill other commitments ahead of schedule, said Shao Qiwei, director of NTA on Thursday.

Under the interim provisions on the establishment of foreign- investor controlled and solely foreign-funded travel ...

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