China Industry Report: Dec. 9

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Dec. 9 – This is a regular series of relevant industry news from around China.

Air transport

The Civil Aviation Administration of China (CAAC) reported a 4 percent increase in air traffic after five months of decline.

The CAAC also reported that for the first three quarters of 2008, Shenzhen Airlines Ltd. suffered a loss of approximately RMB500 million.

Air China Ltd. lost an estimated US$450 million in unrealized losses from its stake in China Eastern Airlines Co. Ltd.

Okay Airways Co. Ltd. will suspend its passenger services starting December 15, but will continue cargo operations.

Cathay Pacific Airways said it would start flying to Bangkok again on Friday, after protests in Thai capital ended.

Solar power

Chinese photovoltaic module maker Suntech Power Holdings Co. Ltd. said it had supplied 50 percent of all modules utilized in an 8.5 MWp solar plant in Alange and a 7.4 MWp solar plant in Alconera, Spain. Financial details of the company’s collaboration with a+f GmbH were not disclosed.

Chinese multicrystalline solar wafers maker LDK Solar Co. Ltd. sent 10 representatives to Taiwan in an effort to restore contracts with its long-term partners.

Wind power

Xinjiang Goldwind Science & Technology Co. Ltd. has begun the installation of wind turbines at its Bu’erjin wind farm. The company expects that the first 30 turbines will start operations by mid-December.

Baynnur City’s Development and Reform Commission said that by the end of the third quarter of 2008, the city would have connected to its grid wind power generators with installed capacity of 400,000 KW. The local government wants to add 200,000 KW more by the end of this year.

This industry report brief is courtesy of Aii Data Processing.