The Status Quo Of China's Tourism Industry To Attract Foreign Investment, Trend Assessment And Foreign Investment In Tourism Impact

Chinese tourism is an industry with high marketability. Its birth sources from in the strong market demand. Until now, there are already more than 20 provinces that give priority to develop the tourism as the pillar and key industry. That means they will give the first consideration and key support in many aspects such as system, policy, regulations, manpower and fund. Among the above factors, the fund is an extremely important one. Presently, the funds needed in Chinese tourism development source mainly from 3 aspects: One is the government fund, including central committee and local authority fund; two is the domestic folk fund; three is the overseas fund, especially FDI (Foreign Direct Investment). The tourism is the earliest industry in our country opening to outside world; it is also the industry which receives the foreign capitals attention most early. Chinese tourism has obtained great achievement in utilizing foreign capitals. Up to 2006, the amount of foreign capitals utilized by Chinese tourism has surpassed 93 billion US dollars. It is through large-scale usage of foreign capitals that our traveling hotel industry can grow rapidly in 20 years, and then become one of the few domestic industries which can achieve the international standard level. On one hand, the utilization of foreign capitals made up the shortage of funds for the development of Chinese tourism. On the other hand, it is also brought advanced technology and method of management.Based on a great deal of detailed data, this thesis adopts the method of qualitative analysis in presenting the current situation of foreign capital flowing to Chinese tourism. It also points out the existing problems of Chinese tourism utilizing foreign capital, such as no equilibrium in region distributing and industry distributing, lack of variety in the means of utilization and regulations'impediment. In the light of both international and national economic conditions, this thesis foresees the trend of Chinese tourism utilizing foreign capitals: the pace of foreign capitals flowing to the travel agencies will be quicken; there will be a great increase in the amount of foreign capitals flowing to the middle and west of China and there will be more and more foreign capital flowing to the development of tourism resources. Meanwhile it puts forward some new strategies for Chinese tourism to utilize foreign capital. For example, travel enterprises should"go out"to utilize foreign capitals, consummate the laws and regulations of travel. This thesis will provide some beneficial references to related department when laying down foreign capital policy for Chinese tourism, to travel enterprises when making decisions.