Graveyard for jets planned in nation's Ice City

Already poised to become the world's biggest buyer of new planes, China also wants to build a graveyard for old aircraft.

China Aircraft Leasing Group Holdings Ltd is investing $2 billion to build the country's largest plane disassembly plant in Harbin - known as China's Ice City.

The facility is aimed to be able to tear apart 50 aircraft annually after five years, with a goal to become one of the largest such plants in the world.