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In a strictly narrow sense, China’s inter-governmental financial transfer payment system was established in 1994 when the tax-sharing system was introduced.

Through more than 20 years of development, China’s insurance industry has made remarkable progress and so far has become the country’s fastest growing industry seeing the longest period of rapid growth.

It has always been a strategic task which catches the high attention of the government to enhance the competitiveness of the domestic enterprises.

In the medium and short-term (15 years), feeder airline and general-purpose airline are the two factors practically driving the development of China’s aviation industry.

The 11th Five-Year Plan is a crucial period for China to build a well-off society in an all-round way.

In the next 5-15 years, China’s opening up to the outside world will enter a new period of development.