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Bus<strong>in</strong>ess Outlook<br />
for 2007<br />
Year 2007 all Ch<strong>in</strong>a WTO promises will be implemented with high GDP<br />
<strong>in</strong>crease (will grow steadily by 7.5% annually <strong>in</strong> the next five years) and<br />
Ch<strong>in</strong>a will become the number one dest<strong>in</strong>ation of Asia.<br />
The outlook on Ch<strong>in</strong>a's tourism market rema<strong>in</strong>s positive. Accord<strong>in</strong>g to the<br />
World Travel and Tourism Council, Ch<strong>in</strong>a's travel and tourism demand is<br />
expected to grow at an annualized rate of 3% until 2014.<br />
Ch<strong>in</strong>a plans to completely deregulate the sector and grant access to wholly<br />
foreign-owned travel agencies with effect from 11 December 2007 without<br />
any further geographic restrictions.
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