Shanghai Pengxin Chariman Jiang Zhaobai in Auckland. Photo / Supplied
Shanghai Pengxin and Hong Kong-based Sailing Capital are considering establishing a fund to invest US$10 billion-US$20 billion in developing New Zealand tourism infrastructure.
Shanghai Pengxin chairman Jiang Zhoabai floated the prospect while visiting New Zealand and plans to talk to the Government about it.
During his recent visit to China,
Prime Minister John Key said he believed it was possible tourist numbers from China could increase more than five-fold over the next five years to one million a year.
He noted there was huge potential from the Chinese tourism market, with Chinese President Xi Jinping having said there could be as many as 400 million Chinese tourists travelling abroad within five years.
The Government has made it easier for Chinese tourists to visit by extending the length of multiple-entry visitor visas routinely granted to independent Chinese travellers from 12 months to 24 months.
