Chinese airlines to increase weekly round-trip flights to US to 50 from current 35, starting March 31

Chinese passenger airlines will be able to increase their weekly round-trip flights to the US from the current 35 to 50, starting from March 31, the US Department of Transportation (USDOT) said on Monday after frequent China-US interactions.

The approval "is a significant step forward in further normalization of the US-China market in anticipation of the Summer 2024 traffic season," the USDOT said.

The shift comes amid increased dialogue between Chinese and US officials this year.

Chinese Commerce Minister Wang Wentao met with US Trade Representative Katherine Tai on the sidelines of the 13th Ministerial Conference of the World Trade Organization in Abu Dhabi, on Monday. Wang and Tai engaged in "professional and in-depth" discussions on bilateral and multilateral economic and trade issues of mutual interest, according to the Ministry of Commerce (MOFCOM).

Wang expressed serious concerns over additional US tariffs imposed on Chinese goods and other trade issues during the talk, MOFCOM said.

In another development, the chief executive of the US Chamber of Commerce, Suzanne Clark, is leading a delegation of former US government officials to Beijing this week, Reuters reported.

The group will meet with senior Chinese government officials and local business leaders, as well as American business executives and foreign diplomats, according to a representative of the chamber.

Earlier this month Chinese and US officials held a third round of talks in Beijing as part of their Economic Working Group set up last year, adding to growing interactions since the beginning of 2024 between officials of the world's two biggest economies.

China’s Ministry of Finance (MOF) said the two sides had in-depth, candid, pragmatic and constructive exchanges on the macroeconomic situation and policies, G20 financial cooperation, debt of developing countries, industrial policies and other issues.

During the meeting, the Chinese side expressed concerns about additional US tariffs imposed on Chinese goods, restrictions against China on two-way investment, and sanctions that suppress Chinese enterprises, the MOF said, adding that the two sides agreed to continue talks.

The US delegation indicated that US Treasury Secretary Janet Yellen looked forward to a return visit to China at an "appropriate time," US Department of the Treasury said.

Zong Qinghou, founder of Chinese beverage giant Wahaha Group, passed away on Sunday

Zong Qinghou, the founder and chairman of Chinese beverage giant Wahaha Group, died on Sunday at the age of 79, the company has confirmed.

On Thursday, the company said that Zong was hospitalized but remained in stable condition. The group's business is operating as normal.

In 1987, Zong led two retired teachers to set up a school-run enterprise. With a loan of 140,000 yuan ($19,700 at current rates), they started selling soda and popsicles on a consignment basis. Later through technological and marketing innovation, they created the famous brand Wahaha.

Zong also became a major representative of China's private entrepreneurs after reform and opening-up kicked off in 1978, the Xinhua News Agency reported on Sunday.

Zong was a deputy to the 10th, 11th and 12th National People's Congresses, and a representative of the 12th, 13th and 14th National Congresses of the Communist Party of China in Zhejiang Province.

He won honors including the National Model Worker, the National May 1 Labor Medal and the "Top 100 outstanding private entrepreneurs at the 40th anniversary of reform and opening-up award."

"For Chinese entrepreneurs, it is essential to be patriotic, to innovate continuously and to care for employees," Zong once said. "Only in this way can private firms thrive."

With regard to personal wealth, Zong topped the list of the richest people in the Chinese mainland on more than one occasion. As of March 23, 2023, Zong ranked No.121 on the Hurun Global Rich List 2023 with wealth of 100 billion yuan.

As a leader in China's beverage industry, Zong created a large number of household beverage brands including Wahaha purified water and AD calcium milk. He was regarded as one of the representatives of the first generation of entrepreneurs in Zhejiang andiconic figure of China's economic reform.

Set up in 1987, the company continued to expand, with output value exceeding 100 million yuan in 1990, climbing to 10 billion yuan in 2003 and reaching 78.28 billion yuan in 2013. In 2022, the group company's sales reached 51.202 billion yuan.

Media reported that Zong had the habit of reading hard copies of major newspapers in China, which his assistants printed out for him - meaning each time he went on a business trip, his team would bring a small printer, A4 paper and ink cartridges.

Although Zong once served as the chairman of Wahaha Group, a successor has long been in place. In December 2021, Wahaha Group officially announced that Zong Fuli, daughter of Zong Qinghou, was installed as vice chairman and general manager of the group. The father did not hide his pride in her daughter, giving her 90 points in a public media interview for her performance in running the group.

In a Dialogue program of CCTV last year, Zong Qinghou addressed succession within the company. He said he would not retire, but would step back and let young people take charge of day-to-day operations.

Boeing 737MAX8 plane meets delivery requirements in China

China's Foreign Ministry said on Thursday that the model of Boeing 737 MAX8 has met delivery requirements set by Chinese regulators.

Wang Wenbin, spokesperson for the foreign ministry, said that the model is approved in accordance with Chinese civil aviation regulations on December 8 of 2023.

The comments came after media reported that Boeing delivered one Boeing 737 MAX to China Southern Airlines.

Earlier, Reuters reported that Boeing was set to deliver the first 737 MAX to a Chinese airline since March 2019 on Wednesday, citing flight data. 

The delivery ends a four-year freeze for the US plane maker's most profitable jet.

China suspended most orders and deliveries of Boeing planes in 2019 after the 737 MAX model was grounded globally, following two fatal crashes.

Before the delivery, in December of last year, Boeing said that a 787-9 Dreamliner ordered by Juneyao Airlines had been delivered. 

It is the first time since November 2019 that Boeing has delivered a 787 Dreamliner plane to a Chinese airline.