Asia business report bbc singapore staff

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Asia business report bbc singapore staff

BBC News Channel - Schedules, 5 - 11 November

China's answer to Boeing and Airbus is showing a slender, blue-and-white model of the Comac C aircraft for the first time outside the mainland. Its introduction was low-key, a move consistent with how Chinese firms prefer to operate overseas.

The aircraft, designed and built entirely in China, will compete directly against industry stalwarts A and Boeing after completing flight trials in four years. It should be available commercially by These days, delivery dates are often pushed back. It has been a meteoric rise for Comac, established just a year and a half ago.

Headquartered in Shanghai, the company is fully backed by the central government, as well as by the local government and a number of state-owned firms such as Chinalco and Baosteel. Comac has already sold more than of its ARJ twin-engine regional jets to Chinese airlines, as well as to a Laotian carrier and to a unit of General Electric.

The plane is scheduled for delivery to customers next year. Biggest market Experts believe it will take China 10 to 20 years to establish itself in commercial aviation. The US manufacturer has already clinched contracts for its flight controls and inertial navigation systems for use in the ARJ The China market has been amazing in the last year Boeing Commercial Airplanes marketing chief Randy Tinseth So he is now based in Shanghai, having moved there two years ago to be closer to his Chinese customers.

Looking ahead, the company hopes to supply parts to the aircraft unit of the Aviation Industry Corporation of China, or Avic. The group is in the process of developing the MA, a four engine turboprop regional airliner.

But China's goal of becoming an aerospace giant may be hurt by a US embargo on military technology transfers. This could affect dual-use parts, also found in commercial engines. Sanction threat Like other US manufacturers doing business in China, Honeywell is keeping a close eye on a growing row between Beijing and Washington, over the latter's arms sales to Taiwan.

China has threatened to sanction US firms selling arms to Taiwan, which it considered a renegade province. When asked by BBC News, the aerospace giant declined to comment on possible sanctions. Boeing and other Western manufacturers have made fortunes doing business with China.

As the country develops its own industry, China will want to make billions of its own.With its reports regularly cited in the Financial Times, BBC, the Economist and other leading media outlets and its staff frequently interviewed on all forms of broadcast media, Oxford Business Group is a recognised and respected source of business intelligence in many parts of the world.

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asia business report bbc singapore staff

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