Chinese Deliveries Covered By Domestic Finance In 2009

摘要

Celebrations for the Chinese New Year may have been tainted somewhat by the uncertainty surrounding the economy, but 2009 is the Year of the Ox - an animal symbolizing strength, determination and hard work -and it is exactly these qualities that need to be shown to stave off the country's economic ills. And the government has acted decisively. Adopting a more protectionist stance towards its struggling industries, the aviation sector has been one of the principle benefactors. China's three main state-run carriers have received substantial government injections of capital. As such, they are in a relatively healthy position, having already secured their financing for the first half of this year.