--- SEARCH ---
WEATHER
CHINA
INTERNATIONAL
BUSINESS
CULTURE
GOVERNMENT
SCI-TECH
ENVIRONMENT
LIFE
PEOPLE
TRAVEL
WEEKLY REVIEW
Learning Chinese
Learn to Cook Chinese Dishes
Exchange Rates
Hotel Service


Hot Links
China Development Gateway
Chinese Embassies

Chinese Aviation Sector Opens Further to Foreigners
Foreign investment will be given wider access to China's fast-growing aviation market, according to an amended industry regulation to be put into effect on Thursday.

Foreign companies will be allowed to invest in all domestic airlines following the new regulation, reports the China Daily on Wednesday. Their shareholding limitation will be lifted to 49 percent from the 35 percent in effect at the moment.

The new foreign investment regulation was co-drafted by the General Administration of Civil Aviation of China (CAAC), the State Development Planning Commission and the Ministry of Foreign Trade and Economic Cooperation, and has been approved by the State Council.

The regulation states for the first time that officials from foreign companies investing in the field can also act as presidents or general managers of the companies or airlines they invest in.

According to the new regulation, the general aviation market is also being opened wider to foreign companies. Except for some sensitive fields that might involve China's defense security, most air services will be open to foreign investors.

(Xinhua News Agency July 31, 2002)

Six New Civil Aviation Companies to Be Born
Aviation Market Enjoys Smooth Ride
Anti-collision System Installed on China Southwest Airlines
New Helicopter to Serve China's General Aviation
Air Safety Regulation Launched
Chinese Aviation Opens Wider to Foreign Investors
China Lifts Foreign Stake Ceiling in Airlines to 49 Percent
Print This Page
|
Email This Page
About Us SiteMap Feedback
Copyright © China Internet Information Center. All Rights Reserved
E-mail: webmaster@china.org.cn Tel: 86-10-68326688