Chinese government decided to grant domestic airlines a three-year tax break on fuel charges retroactive to Jan. 1, 2008, as part of its effort to mitigate the impact of the global economic downturn on the country's commercial aviation industry. The tax relief is expected to save Chinese carriers about CNY2.5 billion in operating costs, but local industry analysts argued that it will do little to improve airlines' financial performance since the tax rate on fuel surcharges is only 3%. In ...

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