It also comes as China conducts a broad rethink of the way its stock and bond markets operate and even begins to slowly loosen some of the capital controls that have long limited foreign investor access.
On June 2nd , the American transport secretary, Norman Mineta, urged Congress to lift the limit on foreign ownership of American carriers from 25% to 49% of the total stock, in order to help financially-troubled airlines get access to foreigncapital.