Air China Records Passenger Drop, China Appeals WTO Ruling
Posted on Monday, September 15th, 2008 | In China
Contributed by: Biz China Update (http://www.bizchina-update.com) -
Air China Records Sharp Passenger Drop
Air China recorded the biggest monthly fall in passenger numbers since 2003, state media reports. In August, the carrier served 2.77 million passengers, 16.6 per cent less year-on-year. It is the sharpest decline since the outbreak of SARS in 2003. The load factor for August…
Last 5 posts by Biz China Update
- Shanghai's Economy Grows 10.1 Per Cent - October 28th, 2008
- Weekly China Statistics Update - October 25th, 2008
- Spain Lends EUR360m to China, China Joins Inter-American Dev. Bank - October 24th, 2008
- GDP Grows 9.9 Per Cent - October 20th, 2008
- CIC Says Major U.S. Fund Investments Are Secure - October 16th, 2008
Launched on 1 September 2007, BizChinaUpdate is an independent online information resource, providing fast, accurate China business news, interviews and features. Readers can browse our selection of online China business content and register at our website to sign up to our free weekly electronic newsletter.
As China continues to evolve into a global power, its economic structures are changing, new laws are being enacted and the government is seeking to re-channel the fruits of sustained growth from the eastern seaboard to the rest of this vast nation. Gateway cities, such as Beijing, Shanghai, Shenzhen and Guangzhou, now compete with cities across China for foreign and governmental investment.
Meanwhile, successful Chinese companies are raising billions of dollars from domestic and international IPOs, and the most ambitious are acquiring foreign companies from Santiago to Sydney and Stockholm to Saigon. The nation’s twin-barreled property and stock market frenzy has created 106 dollar billionaires, when in 2002 there were none.
China's unparalleled economic renaissance is impacting citizens of almost every nation, and timely, reliable information on commercial trends and developments is in strong demand. That’s why BizChinaUpdate was created: to provide business news and informed comment from trusted sources.
No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.