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Nov
2012

Government regulations and infrastructure stifle growth

According to official Chinese statistics there are approximately 3000 luxury yachts registered in China and coincidentally 3000 privately owned aircraft, of which 200 are corporate jets and 100 aircraft that are licensed to fly frequently, which is 0.8 hours per day. These are not commercial aircraft, which by comparison can fly up to 9.5 hours per day…

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