Given the political complications, how attractive is the China mainland market? How would you evaluate the threat from Baiyun? What if China's economic expan- sion slows down? 2. What strategic alternatives are there for Cathay to de- velop the mainland market? Should it rely on Drago- nair, develop new alliances, or continue to go it alone? 3. How should Cathay develop and market its global im- age without diminishing its local/regional identity as the Hong Kong (and China) carrier? 4. Should Cathay focus on China by attempting to develop it further or instead focus on the overall global market