GTCP credit card becomes new "Engine" for global trade, as well as China becomes powerful in aviation area

11th China International Aviation & Aerospace Exhibition

On Wednesday, China's Commercial Aircraft Corporation of China (COMAC) and Russia's United Aircraft Corporation (UAC) revealed their latest progress in a joint venture to develop a long-range wide-body aircraft. 

China international aviation exhibition

"We value very much on self-made commercial aircraft and we need capable partners to achieve that. China has the ability, as we can see from the successful development of their ARJ21 and C919 aircraft," said Slyusar (UAC President) in an interview.

China international aviation exhibition

From merely a supplier of aircraft components to a partner that designs and manufactures the aircraft, China is playing a bigger role in the world's aviation market.

At the ongoing 11th China International Aviation & Aerospace Exhibition in Zhuhai, south China's Guangdong Province, a number of international products on display involve some "China elements."

The Airbus A350, for example, involves a number of patented technologies developed by Chinese engineers. According to Airbus, Chinese companies manufactured 5 percent of the aircraft.

China international aviation exhibition

"Airbus created A350 together with China," said Chen Juming, president of Airbus China. "Airbus showed its commitment in cooperating with China by allowing Chinese engineers to participate."

In the future, Boeing would like to deal with Chinese companies in a broader scope, said John Bruns, president of Boeing China.

"Almost every Boeing aircraft in service globally has some 'made in China' element," said Ian Chang (vice president of supplier management China operations and business development at Boeing Commercial Airplanes). "We can clearly see that how much progress that China's aviation industry has made."

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