According to the Xinhua News Agency, the Chinese Government has loosened regulations to allow more foreign investment in its aviation sector. It quoted Yuan Yaohui, a Director in the General Administration of Civil Aviation of

China, as saying: ‘China opened the civil aviation sector to foreign investors in 2002, and now it is time to further open it.’ He said China is seeking private capital to invest in areas such as cargo, airport construction, jet fuel sales and storage, aircraft maintenance, catering and computer based air ticketing systems. But foreign companies will not be allowed to hold majority stakes in any of these enterprises. The new regulation is due to come into force later this month.