China Plans 19 New Air Routes and High-Altitude Airport
China’s General Administration of Civil Aviation has announced hat I will open up 19 new international air routes between Chinese and major international cities before the end of March 2008. The new destinations are likely ot include Sydney, Athens, and Kolkata. At the same time, 11 new domestic Chinese air routes will be created linking air hubs to smaller cities. It added that 21 Chinese airlines will cut 502 domestic flights and add 311 international flights to meet changing industry demands. In May, China will also open the world’s second-highest airport, in the mainly Tibetan area of Kangding in Sichuan province. Located 4,280 metres above sea level the new airport, with an annual capacity for 330,000 passengers, will be lower than only Tibet’s Qamdo airport, situated at 4,334 metres.

Foreign Insurers Gain Shanghai Market Share
As China’s insurance market becomes more competitive, foreign insurance companies are using their broader product portfolios to gain market share with innovative products – gaining four percentage points in the Shanghai market within three months. At the end of September, foreign insurances had gained 26 per cent of the Shanghai market, although the national share is just 4.38 per cent. Shanghai insurers' premium income in the first nine months totalled RMB35.750 bn, up 15.53 per cent year on year.

China and The US Talk Tourism
31 leading Chinese tourism officials, headed by Du Jiang, Vice Chairman of the China National Tourism Administration, and more than three dozen U.S. state tourism directors held a one-day summit in Charlotte, North Carolina, to discuss future travel and tourism cooperation. The meeting follows the recent Sino-US air services agreement to expand air frequencies and routes between the two countries. In 2006, China and U.S. combined had a total of 2.35 million visits. According to local reports, the meeting sought to actively explore opportunities for cooperation and exchange between Chinese provinces and American states.

Last update : Wednesday, 31 October 2007

Keywords : Alibaba Targets Record Internet IPO, China Plans 19 New Air Routes and High-Altitude Airports, Foreign Insurers Gain Shanghai Market Share, China and The US Talk Tourism

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