USEUROPEAFRICAASIA 中文双语Français
Home / Business

Sky is the limit as aviation sector rides the reform wave

By Zhou Wenting in Shanghai | China Daily | Updated: 2018-10-23 08:21

China' aviation sector has after a slow start gathered momentum, since the country promoted reform and opening-up, and is now blazing a new trail in the global market.

Without the reform and opening-up that started 40 years ago, the country's large civil aircraft industry, often spearheaded by the Commercial Aircraft Corporation of China (COMAC), could never have achieved the current scale, aver industry experts.

Reform and opening-up made it possible for the manufacturers of civil aircraft and suppliers of design, parts, and engines to embark on a new business model that hinged on higher productivity, reduced costs and better market competitiveness, said Wu Xingshi, a member of the State Council's large passenger aircraft program's expert advisory committee.

Sky is the limit as aviation sector rides the reform wave

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US