The move by the People’s Republic to compete with Boeing (BA) and Airbus is official. According to FT.com: "A statement on the government’s website issued late on Sunday said the state council – the cabinet – had taken an “important strategic decision” to begin research and development to enter the market."
The announcement is hardly worth making. China may be the second largest market in the world for commercial aircraft after the US, but it could take decades for the country to develop and manufacture jet aircraft on any scale. And, that assumes a number of things, particularly that the Chinese economy continues to do well and that there is not a major change in the structure of the government.
It makes a nice newspaper headline, but that is about the extent of it.
Douglas A. McIntyre
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