In May 2017, China’s first big jetliner, the C919, took to the sky for its premier test flight. As state-run Comac (Commercial Aircraft Corporation of China) further develops the model, China aims to become one of the world’s top makers of large commercial aircraft. Hou Yunlong, reporter for Economic Information Daily, China’s earliest national economic newspaper, writes a raving review of China’s stride into the international aviation market and outlines a rosy future for China’s aviation industry. (Other critics believe Boeing or Airbus needn’t fret just yet. Comac stipulates that even international bidders must manufacture in China, but provides no intellectual property protection. International suppliers, knowing that their technology may end up in the hands of local competitors, will only agree to provide dated technology. Thus Comac’s insistence on local production may be detrimental.) Industry experts will be familiar with the insights of this article, but getAbstract recommends it to general-interest readers who want to know which industries are up-and-coming in China.
About the Author
Hou Yunlong is a reporter for Economic Information Daily. Founded in 1981 and sponsored by Xinhua News Agency, the journal is China’s earliest national economic newspaper.