Articles from Caixin Global, Caixin Global

Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

Articles from Caixin Global

News from Caixin

Thematic (Sector/Industry)

China Airlines / Thematic (Sector/Industry)

<ul><li>China’s top state assets administration imposed minimum prices for tickets on seven state-owned airlines, slamming the door on ultra-low-cost promotions launched as travel plunged during the pandemic</li><li>The commission put a floor under prices to preserve and increase the value of state-owned assets and to pare operating losses, a senior industry insider said.</li><li>The move is a way for SASAC to exercise its rights as a majority shareholder of the state-owned airlines.</li></ul>

China’s top state assets administration imposed minimum prices for tickets on seven state-owned airlines, slamming the door on ultra-low-cost promotions launched as travel plunged during the pandemicThe commission put a floor under prices to preserve and increase the value of state-owned assets and to pare operating losses, a senior industry insider said.The move is a way for SASAC to exercise its rights as a majority shareholder of the state-owned airlines.

China Slams the Door on ‘1 Yuan Airfares’ Spawned by the Pandemic