China Airborne Aviation and the Future of China (Hardcover)
|Author: James Fallows|
|From one of our most influential journalists, a timely and illuminating account of the next stage of China''s modernization--its plan to rival America as the world''s leading aerospace power and to bring itself from its low-wage past to a high-tech future.|
From the Publisher:
More than two-thirds of the new airports under construction today are being built in China. Chinese airlines expect to triple their fleet size over the next decade and will account for the fastest-growing market for Boeing and Airbus. But the Chinese are determined to be more than customers. In 2011, China announced its Twelfth Five-Year Plan, which included the commitment to spend a quarter of a trillion dollars to jump-start its aerospace industry. Its goal is to produce the Boeings and Airbuses of the future. Toward that end, it acquired two American companies: Cirrus Aviation, maker of the world's most popular small propeller plane, and Teledyne Continental, which produces the engines for Cirrus and other small aircraft.