Guangdong-based China Southern Airlines is to add new services to popular tourist destinations in Yunnan province, with connections for the first time to Xishuangbanna, Lijiang and Dali. China's largest airline will run daily services between Shenzhen and Dali via Kunming. It will also operate a three-times-aweek service between Guangzhou and Xishuangbanna and a four-times-a-week service […]
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A new airline company was formed last month, becoming the first in China to be partly funded with private investment, said China Daily. Shanghai Junya Group will own 18 per cent of the registered capital of China Eastern Airlines Wuhan Co, which was reformed from its predecessor Wuhan Airlines. China Eastern and Wuhan Airlines will […]
Officials of the zone's management bureau say there are more than 1,000 companies registered there but they admit that only a handful are actually involved in manufacturing. The total includes corner stores, barber shops and karaoke bars – hardly the sort of thing that Kumagai Gumi or Deng Xiaoping had in mind when the project […]
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Stepping on the gas
China is prioritising development in the gas sector, and international energy companies are keen to sniff out investment opportunities. Even so, market reform is needed if the industry is to become truly viable. After years of underdevelopment, the Chinese government is prioritising gas sector development, with the current five-year plan (2001-05) including a number of […]
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Reluctance to lose control
SOEs have a pressing need to bring in new capital, new technology and new management methods by striking partnership deals with experienced foreign investors. However, they are seldom willing to lose control at the highest corporate level. Instead, they tend to carve out a piece of their operating assets (such as a business unit or […]