The first Europe-funded travel agent in China is set to start operation next week. The company is owned by New Zealand's largest travel group, Gullivers Pacific. 

The first Europe-funded travel agent in China is set to start operation next week.

The company is owned by New Zealand's largest travel group, Gullivers Pacific.

The company's registered capital is as much as 46 million yuan or some US$5.5 million.

Under agreements between China and the European Union, 29 European countries will open their doors to embrace Chinese tourists from next month on.

(CRI.com August 6, 2004)