China's Vice Premier Wang Qishan and US Treasury Secretary Timothy Geithner held talks on 24-Oct-2010 as a precursor to the G20 Summit in Nov-2010 (Xinhua, 20-Oct-2010). China stated it hopes the G20 will promote global economic growth in a robust, sustainable and balanced manner (Xinhua, 21-Oct-2010). Separately, a group of G20 finance ministers and central bankers vowed to refrain from “competitive devaluation” to lift exports (Bloomberg, 24-Oct-2010). Meanwhile, Mr Geithner stated he is optimistic China will “continue to move” on the yuan adding that the Chinese Government understands it is in the interest of domestic growth and global economic stability.
US confident China will 'continue to move' on the yuan
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CAPA Aviation Outlook 2017: Australia & New Zealand - amid global uncertainty, China again the rock
As 2016 draws to a close, CAPA - Centre for Aviation reviews the past year for aviation in the Australia Pacific region and what lies ahead for 2017.
In an uncertain world, from the disruption of Brexit to the likely confrontationalist attitudes of a Trump administration, and instability in many parts of the world, from Russia to the Middle East to Asia, Australia and New Zealand's aviation sectors are mostly in rude health, with liberal policy settings and globally high service levels. Yet each of the main airlines in Australia and New Zealand still relies heavily on its domestic markets.
China has asserted its relevance in world aviation recently and over the past couple of years its airlines have rapidly expanded into the two south Pacific countries. With 2017 declared the ‘China Australia Year of Tourism’ by China’s tourism bureau, continued substantial activity can be expected in that market.
Qantas' 787 Perth-London service plans have made clear the role of the long haul medium size equipment, but aside from the innovative elements, retaining a cost focus and keeping the basics under control will be key to the future.
Bangkok Airways to pursue expansion in China and Taiwan in 2017 with new routes and partnerships
Bangkok Airways is focusing expansion in 2017 on the greater China market, with three new destinations and three new airline codeshare partners. China point of sale now accounts for 8% of revenues for Bangkok Airways – up from approximately 4% in 2015, with further large gains expected in 2017.
Bangkok Airways resumed services to mainland China in mid-2016 after a seven-year hiatus with flights from Samui to Chengdu. In Jan-2017 Chengdu is being upgraded to daily, and a daily service from Samui to Guangzhou will be launched. Samui-Chongqing is planned for later in 2017, giving Bangkok Airways three destinations in mainland China and four when Hong Kong is included.
Bangkok Airways is also planning to launch services from Samui to Taipei by the end of 2017. It already has codeshares with both of Taiwan’s main airlines – which will likely be expanded – and with Hong Kong’s Cathay Pacific, but its relationships with mainland Chinese airlines are now limited to interlines.