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News in November, 2004

 
China World Trade Corp to invest US$30 million into online hotel booking and air ticketing companies Nov. 26, 2004
China World Trade Corporation has announced that it has received a US$30 million financial commitment from Cornell Capital Partners, L.P. The flexibility and control through the capital structure will enable China World Trade Corporation to access capital on favorable terms.

China aims to be No. 1 destination Nov. 25, 2004
China aims to attract 210 million overseas visitors annually by 2020, more than double the current figure, a top tourism official said in Shanghai yesterday.

China's travel revolution ripples across the globe Nov. 25, 2004
After the whirl of rush hour traffic, stops for snapshots and a meal of rice, soup and fatty pork, Chen Guolin finally got to relax in the verdant gardens of Chateau Fontainebleau, where Napoleon luxuriated between military campaigns.

China enjoys tourism boom Nov. 24, 2004
China's tourism industry enjoyed robust growth in the first 10 months of this year, according to statistics released by the National Tourism Administration.

US Airline to Launch Non-stop Daily Flights This Month Nov. 24, 2004
United Airlines will inaugurate its new non-stop daily service from Shanghai to Chicago on November 1 to tap massive market potential.

China's Qingdao To Sponsor Asia-Pacific Tourism Exposition Nov. 23, 2004
The Shandong Provincial Travel Administration and Qingdao City recently announced that they will jointly sponsor the Asia-Pacific International Tourism Expo in the Qingdao International Exhibition Center from June 16 to 18, 2005.

Demand Prompts Japanese Travel Agents To Boost China Ops Nov. 22, 2004
Japanese travel agencies are expanding their Chinese operations as Japanese tourists' demand to travel to the country recovers. China has seen an increase in the number of Japanese tourists this year after the number shrunk 20 per cent to 2.25 million in 2003, following the SARS (severe acute respiratory syndrome) outbreak in China.

US Visa Counseling Company Applies for Approval Nov. 20, 2004
The Shanghai company that offered US visa counseling services, which was closed for overcharging, has come to realize its problems and is applying for approval, according to a Chinese Foreign Ministry spokesman Thursday.

Struggling Airlines Compete Fiercely for China Routes Nov. 18, 2004
Five United States airlines are fighting for a business opportunity not seen in a decade and a half: flights to China.

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