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BIZCHINA / Biz Media Digest |
Aviation: Industrial park inaugurated(People's Daily Online)
Updated: 2007-08-21 15:52 China's aviation industries have begun construction of a high-tech industrial park featuring space and aviation technology in Chengdu, capital of Southwest China's Sichuan Province. The industrial park and the surrounding area would be a major research and development center and production base of military and civil aircraft, said Hu Wenming, vice president of China's Aviation Industry Corporation I (AVIC I), a founder of the park. Managed by a joint venture company with a registered capital of 230 million yuan (US$30 million), the park is expected to attract big State-owned enterprises and private companies in the aviation sector. "The building of the park is a milestone in China's aviation industry, showing it has moved forward from technological research to industrial production," said Lin Zuoming, president of AVIC I.
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