Beijing: Beijing unveiled an action plan to drive high-quality growth in the tourism industry on Thursday during a conference, aiming at building the capital into a world-class tourism city and a global tourist destination by 2029.
It was the first conference the Beijing government has ever held focusing on the industry.
According to the plan, the added value of Beijing’s tourism industry is projected to account for over 5 percent of the city’s GDP by 2029.
The number of tourists is expected to grow by more than 2 percent annually by 2029 in Beijing, while overall tourism revenue is expected to increase by around 4 percent per year. Additionally, inbound tourist numbers are predicted to rise by approximately 5 percent annually, according to the plan.
Yang Shuo, director of the Beijing Municipal Bureau of Culture and Tourism, said during the conference that the city is committed to promoting high-quality tourism development in various aspects to achieve its goal of becoming a top international tourism city. “We will establish a balanced and orderly tourism spatial layout across the entire city and develop vibrant tourism characteristic regions in alignment with the resources of each district,” he said.
Furthermore, the bureau has signed a strategic cooperation agreement with four major banks — the Industrial and Commercial Bank of China, the Agricultural Bank of China, the Bank of China and China Construction Bank — and the Bank of Beijing to provide a total of 150 billion yuan ($21 billion) in financing and credit support to tourism enterprises over the next five years. –The Daily Mail-China Daily news exchange item
