Xu Xin, president of Deer Jet, a subsidiary of the Hainan Airlines Group, told China Daily that he is very optimistic about the Chinese business aviation market due to the increasing number of rich people in Chinaand their willingness to spend more on business jets.
The administration -- backed by several Republicans andbusiness leaders -- insists China's entry in the world market will open the country to better practices.
It must also fix its money-losing European unit, stabilize its business in South America and maintain its leadership in China, where a slowing market means more competition.
The rising tigers of India andChina have not only forced American business to focus aggressively on Asia, but have opened up a gigantic market for countries with raw materials and fuel to sell.