Having more big quality state companies is definitely good for the Chinese stock market because investors would be more interested in buying stocks. Capital is not a problem in China. The problem is that there aren't enough good investment opportunities.
Cost control is better at Air China than at China Southern or China Eastern.
It's a bubble. There will be lots of supply.
Although Disneyland will benefit Hong Kong and southern China, Shangri-La won't be reaping the most benefit.