CHINA WTO

BY KEITH NUTHALL
FOREIGN companies will be able to hold 100 per cent ownership in hotels in China by March 2005, under the trade deal which led to Chinese membership of the World Trade Organisation being approved last week. Until now, international hotel groups have had to work with a Chinese partner in formal joint-ventures, as a condition of being able to trade in China.

A spokeswoman for Britain's Six Continents Ltd, which has 30 hotels in the people's republic, not counting those in Hong Kong and Macao, welcomed the move for "making it easier to ...


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