"New Creation from the Blue Sky" ĦĦĦĦAs is represented by the news title, Hainan Aviation Company is happily recommended for its outstanding civil aviation work, marked economic success and its vigorous growth and development among other domestic counterparts in China. A Chinese-foreign joint venture, and the first of the kind in China, Hainan Aviation Company started merely by RMB$10 million yuan in 1993. But in the last five years it has come to accumulate a total of RMB$3.9 billion yuan of fixed assets. Operating with 24 liners it has been listed among the top ten in China. Though facing a slump market last year it still wrested an annual income of RMB$1.3 billion yuan, 14% growth, and an annual amount of RMB$150 million yuan of profits and taxes to show a growth of 30% over the previous year. Economicnews 1999-01-26 Page2 Full Story in Chinese