China's Private Airlines Face Tough State-Owned Rivals

China's Private Airlines Face Tough State-Owned Rivals: "It had all the elements of a classic case study in the successes of China's economic miracle — a poster child for the virtues of purging the old socialist, state-controlled model for a new and more open one. When China flung the doors of its airline industry open to private investors in January 2004, the country stood on the cusp of an air-travel revolution, and it was a revolution that private-sector entrepreneurs were supposed to lead."