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China opening up to corporate travel management practices.

Publication: Business Travel News
Publication Date: 06-JUN-05 		Format: Online - approximately 898 words
Delivery: Immediate Online Access

Article Excerpt
With its booming economy, foreign companies are proliferating their presence in China--where a market much different from that in the United States is yielding a new set of challenges for corporate travel managers. Yet, loosened regulation in such sectors as airline, booking and reservations and banking and credit card are making the country more open to competition among corporate travel suppliers and cooperation with travel buyers.

Historically, all airlines in China were regulated by the Civil Aviation Administration of China, yet recent changes now allow airlines to set their own fares. Also, just last month, the CAAC allowed investors to start the country's first private airline company. While a shift in the regulatory environment enables corporate travel buyers to negotiate with national carriers, some buyers said carriers remain somewhat reluctant to negotiate.

"The...

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