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...controls appears to be Li Jiaxiang, who in late December left his post as CEO of CNAC to take over as China's top airline regulator. Li has been a vocal opponent of allowing foreign carriers greater access to China's skies and has encouraged domestic airlines to raise their overseas market share by opening more long-haul routes. His appointment "set the stage for more consolidation and probably less foreign investment," Pinkham says. In early January, Li announced that the CAAC will not consider applications for new airlines before 2010. China's existing 22 carriers are also banned from...

Author: /time Magazine | Title: Cleared for Takeoff | 1/23/2008 | See Source »

...restrictions were imposed to relieve pressure on the overstretched industry, Li said on Jan. 10 when the changes were announced. "The speed of introducing new aircraft should go hand in hand with the recruitment of new staff and the improvement of safety standards," he said. China clearly needed to change course. Although the market has grown about 10% a year for the past five years, the top three players - China Southern, China Eastern and Air China - are filling less than three-quarters of their seats with paying customers. During a recent price war, tickets were discounted by as much...

Author: /time Magazine | Title: Cleared for Takeoff | 1/23/2008 | See Source »

...Dawning restaurants don't offer overtly American fare but still attract Chinese consumers because of the quality and service associated with an American brand. The formula developed by Yum's other banners overseas--cheap food delivered in cheerful surroundings--has provided a welcome mat for the company. Diner Frank Li, a project engineer on a trip from Suzhou, says the restaurant's link to KFC and Pizza Hut is a draw, not a drawback. "Those places are good quality," he says. "You know what you're going to get. They are a very professional company that must know what...

Author: /time Magazine | Title: Kentucky Fried Rice | 1/17/2008 | See Source »

...tumors rely on the formation of new blood vessels for nourishment and growth, has since led to six FDA-approved anticancer drugs that weaken tumors by blocking their blood supply. "The idea was met with skepticism and ridicule back then, but he doggedly persisted in proving his ideas," says Li. "He lived long enough to see his idea transformed into new treatments for colon cancer, lung cancer, kidney cancer, liver cancer and multiple myeloma...

Author: /time Magazine | Title: Judah Folkman, Cancer Pioneer | 1/16/2008 | See Source »

...diabetes and improving vision in patients with macular degeneration. His theories may yet impact the treatment of other conditions, including obesity: "More recently, he had the idea that fat cells relied on blood vessels just like tumors, so you could control obesity by using blood vessel-growth inhibitors," says Li, who was inspired by Folkman to co-found an organization that promotes research in the field...

Author: /time Magazine | Title: Judah Folkman, Cancer Pioneer | 1/16/2008 | See Source »

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