Privatization Framework and Chinese Infrastructure: Sanya Phoenix Airport Case Study

Authors

  • Jiaqi Yang

DOI:

https://doi.org/10.54097/qswj4811

Keywords:

Privatization, Infrastructure Development, Chinese Economy, Sanya Phoenix Airport, Property Rights, Market Competition, Regulatory Policies, Planned Economy Legacy, Operational Efficiency, Financial Challenges.

Abstract

This manuscript delves into the privatization paradigm within Chinese infrastructure, utilizing the Sanya Phoenix Airport as a pivotal case study. It scrutinizes the implications of privatization theory alongside the residual effects of the planned economy on the operational efficacy and challenges of infrastructure projects. Through an incisive literature review and a detailed examination of the airport's evolution under HNA Group's privatized stewardship, this study elucidates the enhancements in operational efficiency juxtaposed with enduring challenges, notably financial duress. The analysis furnishes nuanced insights into the ramifications of privatization for infrastructure development in China, proffering cogent policy and strategic recommendations to foster sustainable advancement.

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References

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News&Government Reports

Upstream News (2020.2) Sanya Phoenix International Airport Company was ruled bankrupt and reorganized by the court. Available at: https://baijiahao.baidu.com/s?id=1692131306676373475& wfr = spider & for = pc.

Tencent News (2021.2) 700 billion debt overwhelms aviation giants, HNA Group goes bankrupt and reorganizes the test of life and death. Available at: https://new.qq.com/rain/a/20210227A05IN300.

Civil Aviation Administration of China (2023.3) 2022 National Civil Transport Airport Production Statistics Bulletin. Available at: http://www.caac.gov.cn/XXGK/XXGK/TJSJ/202303/t20230317_217609.html.

Civil Aviation Administration of China (2019.1) Passenger throughput at Sanya Phoenix Airport breaks through 20 million mark. Available at: http://zn.caac.gov.cn/ZN_XXGK/ZN_TJSJ/201901/t20190103_193807.html.

Tencent News (2020.7) Hainan Airport: Currently holding 77.36% of Sanya Phoenix Airport will advance the T3 terminal project. Available at: https://new.qq.com/omn/20220715/20220715A0CEXS00.html.

Huachuang Securities (2020.10) HNA Basic Research Report: Hainan Airport, Phoenix Nirvana, New Sail. Available at: https://xueqiu.com/9508834377/232847853.

CCTV News (2021.1) Risk Resolution Plan Substantially Advances: HNA Files for Bankruptcy and Reorganization. Available at: https://news.cctv.com/2021/01/29/ARTIQYNNRfeYhycbWlZGR0Yc210129.shtml.

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Published

12-03-2024

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Section

Articles

How to Cite

Yang, J. (2024). Privatization Framework and Chinese Infrastructure: Sanya Phoenix Airport Case Study. Academic Journal of Science and Technology, 9(3), 263-267. https://doi.org/10.54097/qswj4811