Nation plans to double domestic spending on tourism

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China aims to double domestic spending on tourism by 2020 by offering financial and other support to develop the sector, the central government said Thursday, as it seeks to boost spending at home to spur economic growth.By 2020, the government is aiming for spending on domestic tourism to reach 5.5 trillion yuan ($894 billion), more than double the 2013 figure of 2.6 trillion yuan, with tourism accounting for more than 5 percent of GDP, according to a guideline released on the central government's website.The guideline also aims for ­Chinese citizens to make an average of 4.5 trips a year by 2020, up from an average of 2.5 in 2013."Speeding up reform of the tourism industry has important meaning for boosting employment, increasing incomes, pushing development in central and western China, helping poor areas get rich and promoting stable economic growth," it said.Tourism companies will be encouraged to list on the stock market. Loans and other financial support will be given to small firms operating in the sector, especially at the village level, according to the guideline. "Being one of the country's highly opened-up industries, the tourism industry sees fierce competition, but the sector faces obstacles in financing and land use," Dai Xuefeng, a researcher with the Chinese Academy of Social Sciences, was quoted by the Xinhua News Agency as saying Thursday. Experts noted that a batch of measures announced in the guideline will boost the development of the sector. China also plans to get more foreign tourists, by better promoting itself outside of the country and continuing to perfect a new system granting 72-hour visa-free access to several major cities, mostly for Western tourists, the guideline said.Trips in China by foreign tourists declined 2.8 percent year-on-year to 62.3 million in the first half of this, data from the National Tourism Administration showed. Tags: Rapid Prototyping, Rapid Prototyping China, Plastic Tooling, Plastic Tooling China, Rapid Prototype, Rapid Prototype China, Rapid Tooling, Rapid Tooling China, CNC Prototype, CNC Prototype China, Functional Prototype, Functional Prototype China, Metal Prototype, Metal Prototype China, Plastic Prototype, Plastic Prototype China, Rapid Manufacturing, Rapid Manufacturing China, Low volume production, Stereolithography, Stereolithography China, Vacuum Casting, Vacuum Casting China, whatsapp marketing, wechat marketing, seo, e marketing, �W��OӋ�ṩseo, e marketing, web design by zoapcon