Editorial Comment

CHINA SOUTHERN UP – BUT HOW MUCH LONGER CAN THE CHINESE AIRLINES RELY ON THE YUAN

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CHINA SOUTHERN UP – BUT HOW MUCH LONGER CAN THE CHINESE AIRLINES RELY ON THE YUAN

Rising wages in China have stoked domestic travel demand and IATA expects this to continue over the next five years. As a result of this growth environment, profits in China Southern Airlines rose nearly 18-fold last year. Net income was 5.8 billion yuan ($883 million) in 2010 up from 330 million yu...

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