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Qatar Airways and China Southern Airlines have announced a major expansion of their codeshare partnership and an increase in frequencies between Doha and Beijing ahead of the Golden Week holiday period in China.This growth builds on the Memorandum of Understanding signed last year, reinforcing the airlines’ shared commitment to delivering greater connectivity for global travellers from China.Starting October 16, Qatar Airways will share code on China Southern’s three weekly direct flights between Beijing Daxing and Doha.Similarly, China Southern will be expanding its “CZ” code on Qatar Airways-operated flights beyond Doha to some 15 destinations across Africa, Europe, and the Middle East, including Amman, Athens, Barcelona, Cairo, Dar es Salam, Madrid, and Munich.Qatar Airways Chief Commercial Officer, Thierry Antinori said: “Qatar Airways and China Southern have established a partnership that continues to set new benchmarks in the industry. This latest expansion ensures that every Qatar Airways route to China is now accessible to China Southern Airlines’ passengers, underlining our long-term commitment to a market that is integral to our growth and connectivity. Timed with this year’s Golden Week, it provides Chinese travellers with unrivalled access through Doha to over 170 destinations across our global network via Hamad International Airport.”Qatar Airways has already placed its code on China Southern-operated flights between Guangzhou and Doha since April 2024. Building on the existing codeshares from Guangzhou and Beijing Daxing, China Southern will extend its code to flights between Doha and four major Chinese cities of Chengdu Tianfu, Chongqing, Hangzhou, and Shanghai, subject to Chinese government approvals.Beijing Daxing marks the second Chinese gateway to be served with non-stop flights operated by China Southern Airlines. Beijing also connects with Doha through Qatar Airways’ daily flight along with Xiamen Airlines’ daily flight.China Southern Airlines President and CEO Han Wensheng said: “Beijing Daxing is a cornerstone of China Southern’s international development, and the launch of new Doha services further strengthens its role alongside our existing operations from Guangzhou. Together with Qatar Airways, we are expanding opportunities for Chinese passengers to reach destinations across Europe, the Middle East, Africa and the Americas through Doha’s Hamad International Airport. This partnership underscores our commitment to building broader global access and delivering world-class service to our customers.”With this frequency increase and codeshare expansion, Qatar Airways and its two strategic partners, China Southern Airlines and Xiamen Airlines, will now offer 64 weekly flights across eight gateways in Greater China.This is one of the most extensive networks established by Qatar Airways, operated on state-of-the-art aircraft equipped with Starlink’s free-for-all Wi-Fi connectivity in the skies.Qatar Airways and China Southern Airlines will continue to cement their partnership in other areas, including cargo operations and loyalty programmes, as part of their joint commitment to build robust and sustainable partnerships which benefit travellers around the world.

HE the Secretary-General of the Ministry of Foreign Affairs Dr Ahmed bin Hassan al-Hammadi on Friday inaugurated the headquarters of the Consulate General of Qatar in Shanghai, China.The opening ceremony was attended by Deputy Secretary-General of the Shanghai Municipal Government Liu Ping; Deputy Director-General of the Department of Consular Affairs of the Ministry of Foreign Affairs of China Wu Demin; and Consul General of Qatar in Shanghai Rashid bin Mubarak al-Khater. The ceremony was also attended by a number of senior Chinese officials, as well as heads and members of consular missions accredited to Shanghai.

When a quiet resurgence in Chinese equities developed into a world-beating rally, it took many seasoned market watchers by surprise.There’s little sign of a revival in spending by consumers and businesses that would dramatically inflate the earnings of Chinese companies. Instead, the boom appears to be driven by hedge funds and retail investors seeking higher returns in an environment of low interest rates. There’s also optimism that breakthroughs in artificial intelligence and a government drive to address industrial overcapacity are about to kick-start China’s economy.For now, official data isn’t pointing to an economic rebound, and there are already signs that share prices may be overheating, reviving memories of a stock market crash in 2015 that burned small investors. Financial authorities are under growing pressure to step in and calm the speculative fever.What’s happening in China’s stock market?The CSI 300 Index jumped 10% in August, its best performance since a rally last September. Red flags have emerged. Market turnover has hit a record. The outstanding amount of margin trades — where investors borrow money to buy local stocks in the onshore market — has also surged to an all-time high, signalling a growing appetite for risk-taking.In an effort to curb speculative fever, mutual funds have capped daily purchases of some of the year’s best performing equity portfolios, and commercial banks have tightened oversight of clients using credit cards to fund stock investments.What’s behind the sudden rally?The money is pouring in mostly from households, whose savings are collectively at a record high. With interest rates on savings drifting lower, some have been turning to equities for better returns. Wealthy investors have led the charge, often via hedge fund investments. But the volume of money heading into stocks is still relatively small compared with the trillions of yuan saved by Chinese consumers overall, and this is fuelling speculation that the market rally has further to run.Easing trade tensions with the US have helped to calm investor nerves. There are hopes that a government “anti-involution” campaign to combat price wars and fix overcapacity across various industries will break a deflationary cycle that’s undermined the confidence of consumers and businesses. And China’s breakthroughs in artificial intelligence have led to hopes that national industries are poised for a wave of technological progress that will accelerate economic growth and boost corporate earnings.Why are Chinese financial regulators concerned?The country’s financial authorities face a difficult balancing act in trying to engineer sustainable growth in the stock market without causing investors to panic. The Beijing government has made clear it would prefer a “slow bull market” that would allow for sustainable wealth creation and a durable boost in household consumption. The last thing the authorities want is a sharp reversal following a rapid rally, which would inflict heavy losses on retail investors. But as the rally continues, analysts are warning of a stock market bubble that could pop unless corporate earnings prospects improve or the government boosts its support for the economy.What might they do about it?China’s financial regulators are considering a number of measures to cool the market. These include a removal of some curbs on short selling and various measures to rein in speculative trading, according to people familiar with the matter.For now, regulators may have some breathing room before they need to intervene, as the involvement of retail investors in the stock market is still relatively limited by historic standards, suggesting the rally may not be as fragile as some market watchers suggest.What’s at stake if the market doesn’t stabilise?Much of China’s economy is still in the doldrums and suffering from a protracted real estate crisis. With the government trying to kick-start household spending to offset the negative impacts of a trade battle with the US the biggest destination for Chinese exports the last thing it needs is a stock market slump that would further dent consumer confidence. If the losses became too hard to bear, it could damage the social stability that’s the number-one priority for China’s leadership.

"We should be committed to mutual respect and win-win co-operation to advance China-Qatar relations to new heights as China and Qatar are both peace-loving countries," stressed the Chinese Charge d’Affaires Wang Ying on Thursday at the Chinese Embassy Doha.She pointed out that "under the strategic guidance of President Xi Jinping and His Highness the Amir Sheikh Tamim bin Hamad bin Khalifa al Thani, the China-Qatar strategic partnership has gone through an 11-year golden period of development. Currently, the China-Qatar relationship is at its highest level in history and has become a model of friendly co-operation between countries."She noted that "China and Qatar have supported each other on issues which bear on our respective core interests and major concerns, and in pursuing development paths which suit our national conditions."Further, "the bilateral trade volume increased from $10.6bn in 2014 to $24.22bn in 2024, marking a growth of over 128%. Since 2020, China has remained Qatar’s largest trading partner and top export destination for five consecutive years. China-Qatar co-operation features a strong complementarity and delivers tangible benefits to the people of both countries," she said.In the meantime, she noted that "both China and Qatar are advocating for justice on the Gaza conflict, as we are jointly working to alleviate the suffering of the Palestinian people. Since the Gaza conflict erupted, Qatar has been actively participating in mediation, and successfully helped achieve ceasefire agreements and release of hostages twice. The international community highly appreciates Qatar's tireless efforts in striving for peace and alleviating humanitarian crisis."She further pointed out that China has upheld an objective and fair position, and been committed to safeguarding peace and lives. China pushed for the adoption of the first resolution of ceasefire in Gaza by the United Nations Security Council, facilitated the reconciliation dialogue and the signing of the Beijing Declaration by the 14 Palestinian factions, and deliveredmultiple batches of humanitarian assistance to Gaza.The Chinese Chargé d’Affaires in Doha stressed that "The humanitarian crisis in Gaza must not continue, and the Palestinian question must not be marginalized once again. The legitimate aspirations of the Arab nation should be fulfilled as soon as possible, and the just voice of the vast Islamic world must be heeded. The “two-state solution” remains the only viable way out of the turmoil for the Middle East, and the international community should take more concrete and effective actions to this end. "She expressed her country's stand saying that "China stands ready to work with Qatar to strengthen the synergy of both countries’ development strategies, jointly promote the community with a shared future for humanity, uphold international fairness and justice, advance on the journey toward national prosperity and rejuvenation, and bring more benefit to the two peoples."

China has succeeded in matching or surpassing Western industrial technology in cars and trains.But in planes, it’s still woefully behind, a dilemma underscored this week by reports that Chinese airlines intend to order nearly a thousand new jets from Boeing Co and Airbus SE.Commercial Aircraft Corp of China Ltd, as it is formally known, has delivered less than 200 planes since it was established in 2008 and they’re primarily flown by domestic carriers that are state owned also. That’s despite billions of dollars and years of effort into reducing China’s reliance on the duopoly of Airbus and Boeing.As it is, Comac risks falling short of delivering some 75 jets this year.“Any additional Boeing or Airbus narrowbody orders will deal a blow to Comac’s ambitions,” Eric Zhu, Bloomberg Intelligence Asia aviation and defence analyst, said.Comac’s C919 jet, a 158- to 192-seat aircraft, is meant to take on the Airbus A320neo and Boeing’s 737 Max. But it’s struggling to sell internationally, mainly because Comac has been unable to secure certification of its airworthiness from gold-standard regulatory bodies outside of China.Because the C919 is also heavily reliant on Western-made parts, including from the US, Shanghai-based Comac has been in the crosshairs of Washington’s tit-for-tat tariff dispute with Beijing that saw levies rise to as much as 145% before the two committed to a trade deal.Previously, the US restricted some key parts including jet engines from being exported from the US to China, harming Comac’s efforts as its raised output. The single-aisle plane is built mostly with customised versions of parts from other manufacturers, such as engines from CFM International Inc, a Franco-US venture.Comac planned to build and deliver as many as 75 planes this year, according to Cirium. To date, it’s handed over just five C919s to Chinese customers as of mid-August. China’s three biggest airlines — Air China Ltd, China Southern Airlines Co and China Eastern Airlines Co — expected Comac to deliver 32 C919s between them from a coordinated order of 300 planes made over the past 18 months.Comac’s other jet that’s already in the skies is the smaller, regional C909, again operated by mainly domestic carriers as well as Indonesia’s TransNusa. Despite Beijing’s efforts to elevate Comac, the planemaker has placed less than 400 of its C919s to Chinese airlines despite an order book exceeding 1,000, largely populated by domestic aircraft leasing companies.Airbus, meanwhile, which started producing its A320 family of jets in 1988, is about to outsell Boeing for the first time, perhaps as soon as next month, as the pair’s cumulative sales of their cash cow single-aisle jets top close to 12,175 units.“For the time being, Comac is supplementary to Airbus and Boeing,” Lionel Olonga, senior valuations manager at aviation consultancy Cirium, said. “In the mid-2030s, it may have enough production and for replacement of narrow bodies, airlines could pivot to the C919.”Comac has been trying to build an international presence, opening sales offices in Singapore and Hong Kong. It’s also targeted Vietnam, Indonesia and Cambodia to sell its planes. In some cases, it has offered generous financing terms, including even proposing to invest in airlines directly, to secure deals.One area China and Comac is at least seeking less reliance on is its Western supplier base. Comac has been developing a China-made engine that it can deploy on the C919 and other future aircraft models it makes.“Aircraft development and production is one of the hardest things and Comac is still one of the newest kids on the block,” said Alan Lim, director at Singapore-based Alton Aviation Consultancy. In the long run, as the C919 builds up a safe track record, “it may have the potential to challenge the duopoly.”