Sky is the limit as aviation sector rides the reform wave
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.