China Briefing News

Chinese Airlines Raise Fuel Surcharge Fees

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Apr. 5 – Due to rising oil prices, Chinese airline companies have increased fuel surcharge fees for both domestic and international fights. For domestic routes, the fuel surcharge fee has been increased by RMB10 per flight beginning April 5, 2012. After the adjustment, passengers are now subject to an RMB80 fuel surcharge for flights of […]

Chinese Ministries Not Paying Their Bills, China Eastern Cancels 24 Dreamliners

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Oct. 19 – China’s CNR Corporation, a state-owned enterprise that manufactures trains, is having to issue RMB2 billion in one-year bonds in order to finance debt it is owed from the Ministry of Rail, according to the South China Morning Post. CNR, who are listed in Shanghai, had a negative second quarter in 2011, resulting […]

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