In the first quarter of 2007, the highway freight turnover kept growing at 15%, basically equal to the growth rate of China's freight turnover; and the highway transport distance will be further lengthened along with the gradual perfection of highway network.

In the year 2006, the revenue of the listed companies in China aviation industry reached RMB 15.3 billion, up 24% year-on-year. China aviation industry maintained the average annual growth rate of 20% plus, higher than the international average level of 7%.

 Growth in Highway Freight Volume and Turnover, Jan 2005-Mar 2007

2 Marine Industry
2.1 Marine industry is reviving
2.2 Introduction to typical marine companies

3 Railway Industry
3.1 Promotion of stock-for-increment reform
3.2 Opportunities for increasing railway transport price

4 Highway Industry
4.1 Statistics for highway freight in 2007Q1
4.2 Investment opportunities for highway enterprises in 2007

5 Airport Industry
5.1 Life cycle of aviation business
5.2 Leaping growth mode of non-aviation business
5.3 Uncertainties of growth in non-aviation business

6 Aviation Industry
6.1 Further intensified cost pressure
6.2 Loss emerges in net profit
6.3 Slightly declined expense rate