Foreign Investment Targeting China's Tourist Market

2004-02-20

The signing ceremony for Beijing Capital Tourism-JAL International Hotel Management Company Limited jointly set up by Beijing Capital Tourism Co., Ltd, a subsidiary of Beijing Capital Tourism Group, and JAL World Hotels under JAL family name was recently held in Tokyo, Japan. The 10-million-RMB registered capital of the joint venture was evenly contributed by the Japanese and Chinese sides.

The Chinese side said with China's WTO membership and the deepening trend of economic globalization, high professionalism, chain operation and brand equity are inevitable trends for any hotel management company to master, which will create broader room for joint ventures.