BEIJING plans to open the management of more than 300 tourist spots to foreign investors.
The Beijing Tourism Bureau urged foreign institutions to take part in the design, reconstruction and management of the city's commercial tourist sites, said the vice-director of the bureau, Wen Ziji.
Wen said foreign investors could either bid for projects released or meet directly with the current management of each site.
Li Zhi, a bureau official, said the move was part of the city's tourism development plan in preparation for the 2008 Beijing Olympic Games.
The municipal tourism bureau is working with other government organs to select 30 places of interest from the more than 300 spots as the first batch to be opened to foreign funds.
There are no strict requirements on the scope and experience of foreign companies which have interest in funding Chinese tourism spots and there is no bottom line on the amount of investment either, said Wen.
He said the current management could negotiate with foreign companies directly on the investment amount, terms and management style.
The introduction of foreign funds into scenic spots will not only upgrade their management level but also improve the appearance of the capital city, said Wu Bihu, an expert in regional tourism design who is also a professor of environment at Peking University. China Daily