Tony Sagami - Veteran investment advisor and a leading expert on Asian markets.

China lowers price of jet fuel

by Tony Sagami on October 1, 2008

in Asian Market, Stock Market in China

The Chinese government lowered theprice of jet fuel by 6.9% for the rest of the year.

That’s good news for the profitability of Chinese airlines such as Cathay Pacific (0293.HK) and China Eastern Airlines (NYSE:CEA).

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