Private, foreign investment to aid tourism industry

China will boost the development of its tourism industry by further opening the market to private and foreign capital, according to a statement issued after an executive meeting of the State Council on Wednesday.

The government will give support to the upgrading of the tourism industry in terms of investment and financing, land use and publicity, the statement said.

The meeting, which was presided over by Premier Li Keqiang, emphasized the leading role of tourism in the modern service industry. It is expected to accelerate the development of local economies, promote employment and protect the environment.