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Examples
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Some state-owned corporations, such as China Eastern Airlines, stay afloat only due to central subsidies after botching deals on commodities futures.
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airlines are hit by fuel costs Asian markets mostly declined Friday, with Shanghai-listed shares suffering steep losses as carriers such as China Eastern Airlines slid on worries about high fuel prices, while fears of a slowdown in corporate earnings hurt steel and power firms.
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China Eastern Airlines' Shanghai shares gained 7.1%, while its Hong Kong shares added 2%.
Asian Shares Rise on Solid Earnings John Phillips 2011
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Industrial & Commercial Bank of China dropped 1.8% and China Merchants Bank and China Eastern Airlines both slipped 0.8%.
European Stocks Go 5 for 5 Simon Kennedy 2011
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In the biggest deal, British engine maker Rolls-Royce won a $1.2 billion order from China Eastern Airlines for engines to power 16 Airbus A330 aircraft.
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Government-controlled China Eastern Airlines (CEA) has a lock on many of the city's most lucrative air routes (though it also has a terrible reputation for late departures).
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Government-controlled China Eastern Airlines (CEA) has a lock on many of the city's most lucrative air routes (though it also has a terrible reputation for late departures).
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On Tuesday, Cameron met with Chinese Premier Wen Jiabao, with the two governments signing economic and education accords and Rolls-Royce Group sealing a $1.2 billion order from China Eastern Airlines for engines.
World Watch 2010
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For example, China Eastern Airlines posted a realized oil hedging loss of eight million yuan ($1.17 million) at the end of last year, though its unrealized loss totaled around 6.26 billion yuan as of Dec. 31.
Beijing Backs Firms' Right to Dispute Derivatives Contracts 2009
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Shanghai-based China Eastern Airlines reported in late April an 81% decline in first-quarter net profit to 40.1 million yuan, because of weak air traffic.
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