China Economic ReviewThe Hong Kong conglomerate Hutchison Whampoa has sold its 95 per cent stakes in two Chinese hotels, but insists it is not withdrawing from the market altogether. It has agreed to sell its holding in Beijing's fourstar Harbour Plaza Hotel to China Land Group, a property unit of China Strategic Holdings, for US$66m. Meanwhile, property […]
Businesspeople from Taiwan's main island will now be able to sail directly to Fujian province, following a relaxation of travel regulations by the government in Taipei. Previously, only residents of the two smaller islands Kinmen and Matsu could sail directly to the mainland. All other Taiwanese had to first pass through a foreign port or […]
Air China is to launch non-stop flights between Beijing and New York. Flying over the Arctic, the flights will take about 13 hours compared with the 20 hours' flying time with United Airlines, which operates via Tokyo. The Chinese airline plans departures from Beijing on Mondays,Wednesdays and Fridays, with return flights departing from New […]
Hong Kong-based Cathay Pacific Airways has applied to the SAR's aviation authority to resume flights to Chinese cities. The carrier transferred its mainland flight rights to Dragonair in 1990. Cathay and its parent Swire Pacific still own 25.5 per cent of Dragonair, but rivalry between the two airlines has grown following Dragonair's inauguration of a […]
Yunnan Airlines and China Northwest Airlines would soon start operating as part of China Eastern, Reuters quoted an Eastern official as saying. The change would occur in September if the State Council gave its approval in August. However it would take the company at least a year to finish amalgamating the assets of profitable Yunnan […]