Possible benefits to the Chinese tourism and hospitality industry

Changes in the Chinese economy, the admission to the WTO, the granting of the 2008 Olympic Games and the improved relations with Europe

Seminar paper from the year 2002 in the subject Environmental Sciences, grade: B+ oder 87%, César Ritz Colleges (Environmental Department), 11 entries in the bibliography, language: English, abstract: On the 11 December 2001 China became a full member of the World Trade Organisation (WTO). It was the final step in a long chain of events, which preceded the full membership of the communistic country. As China is the second biggest trading power in the world with a GDP of US$ 4.5 trillion, it could no longer be ignored by the western countries, and more and more other nations, especially in Europe, increased their bilateral relations with China. This country in the Far East has not only one of the oldest cultures in the world, but has also one of the biggest and most profitable markets to become accessible for western companies. With a population of 1.4 billion people China has also the highest population on this planet. Its main economic factors are agriculture (rice, soja), natural resources (coal, gold, oil) and industry (garment, metal). But tourism is playing a more and more important role for this country. With the granting of the Olympic Games 2008 in Beijing, the Chinese government expects a major boost in the hospitality sector over the next 10 years. [...]