|
Fujian Province in east China is encouraging overseas investors and local private business people to invest in its fledgling tourism industry, according to local official sources.
The provincial government will allocate a special fund of 100 million yuan (about US$120,000) a year for boosting the industry, and meanwhile, local banks will also give priority to finance tourism companies.
A series of preferential policies have been issued, including the exemption of land-use fees for tourism projects worth 30 million yuan (about US$3.6 million) or more.
Currently, 155 tourism projects are underway in the province, involving a total capital of 9.4 billion yuan (about US$1.13 billion). Moreover, another 209 similar projects are waiting for an estimated investment of US$1.6 million from overseas investors.
(People's Daily July 1, 2003)
|
