SOURCE / ECONOMY
E. China’s Zhejiang eyes aviation and commercial aerospace development
Published: Aug 05, 2021 11:18 AM
C919 Photo: Courtesy of China Eastern

C919 Photo: Courtesy of China Eastern





East China's Zhejiang Province is set to double the scale of its aviation and aerospace industry by 2025 and aims to rank among the country's top aerospace manufacturing clusters by 2035, according to a recent government plan.

According to a development plan for aerospace industry in Zhejiang Province published as part of the 14th Five-Year Plan (2021-25) periods, the province will add two listed aerospace companies, introduce five landmark aerospace manufacturing projects, and cultivate more than 10 private enterprises in the supplier system of Chinese aircraft manufacturer Comac.

In terms of innovation the province is set to jointly build 20 scientific research institutes and new research and development institutions. It also plans to build 10 aerospace application service enterprises covering general aviation and drone development.

At present, there are more than 100 aerospace related enterprises in Zhejiang, with revenue of nearly 10 billion yuan ($1.5 billion) in 2020. Currently, 80 percent of this revenue comes from the manufacturing sector.

Global Times 


blog comments powered by Disqus