Xi sets course for power in aviation
Print Edition
PRESIDENT Xi Jinping has called for an acceleration in the independent research, development and manufacture of aircraft engines and gas turbines in a bid to make China an aviation industry power.
The president’s appeal came on the heels of the creation of a state-owned aircraft engine maker with registered capital of 50 billion yuan (US$7.50 billion), in the latest bid to develop home-grown technology that can compete in international markets.
The establishment of the Aero Engine Corporation of China in Beijing yesterday is a strategic move that will help enhance national power as well as the capacity of the armed forces, Xi said.
The move will also benefit the reform of state-owned enterprises and the restructuring of the aviation industry, he said.
Xi urged AECC employees to be bold in innovating to make the country an aviation power. The AECC received investment from the State Council, the Beijing Municipal Government, Aviation Industry Corporation of China and Commercial Aircraft Corporation of China. The firm has 96,000 employees.
Premier Li Keqiang said yesterday aircraft engines are sophisticated products of the equipment manufacturing industry. Making breakthroughs in this area as soon as possible will have great value for improving China’s economic and military power and national strength.
Li urged indigenous innovation to make the AECC a world-class aircraft engine company.
The company will focus on the design, manufacture and testing of aircraft engines, state television said, adding that it will be of “great significance for the future development of China’s aviation industry.”
The government has been overhauling its state-owned sector to push Chinese products and services up the value chain. Under that drive, it has prioritized aircraft engines, high-speed rail and nuclear power as areas where it wants China to excel.
China will launch at least 100 key projects over the next 15 years to increase its technological capability and improve people’s livelihoods, according to the 13th Five-Year Plan. Aviation engines and gas turbines were listed among the top 10 of the 100 projects.
In March, state-owned AVIC said it was finalizing a 129-billion-yuan merger of its aircraft engine businesses to create a giant to compete with the likes of Pratt & Whitney.
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