Amazingly, Air China is reporting a 14 % rise in passenger numbers for the year to May (i.e. five months, year-on-year).
At the same time (according to Bloomberg), non-PRC Asia Pacific air traffic is still showing record declines (-14 % yoy in May), and revenues are dropping much more than that due to evaporating demand for business class tickets.
So maybe the PRC's domestic economy is indeed doing quite ok, as opposed to all the rest of East Asia...?
Did the Greek bailout money go to ‘liquor and women’?
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