Chinese collateral holding moody in form of jet planes

Some of China’s wealthier investors are shopping private jets to secure a mobile, dollar-denominated sidestep opposite flighty financial markets and a disappearing yuan currency, an attention researcher said, nonetheless a altogether aircraft marketplace is struggling.

The series of business jets in mainland China grew only 3.8 percent to 300 planes in 2015, distant weaker than a 16 percent annual expansion in 2014, according to Asian Sky, an aviation services provider that releases an annual swift report.

It estimates that Chinese operators took smoothness of 17 new business jets and 13 pre-owned ones final year, though during a same time 19 planes left a nation – implying a net benefit of 11 .

China’s economy – a world’s second largest – stretched 6.9 percent final year, a weakest in a entertain of a century.

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