Beijing Demands Cuts In Subsidies

Guilin Liangjiang International Terminal
The second terminal of Guilin Liangjiang International Airport opened in 2018. Local governments want the airport to be busier.
Credit: State-Owned Assets Supervision and Administration Commission
In the first half of 2019, Chinese airlines banked subsidies equal to 86% of their profits. If authorities in Beijing get their way, that number will decline in 2020. The central government is demanding a reduction in subsidies to industries in general. The measure will not affect airlines only, but...

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