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China’s local governments splurge to lure aviation industry amid heightened competition with US
- Industrial estates dedicated to aviation surged to a record high of 90 last year from 39 in 2012, says Qianzhan Industry Research Institute
- The surge in investment reflects eagerness among local authorities to get behind Beijing’s plans to turn the nation into an aviation power
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Amanda Leein Beijing
Local governments in China are pouring resources into the country’s aviation industry to deliver on Beijing’s goal of self-sufficiency, as competition with the United States heats up.
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The number of industrial estates dedicated to aviation surged to a record high of 90 last year from 39 in 2012, according to data from Qianzhan Industry Research Institute.
“At present, many local governments are actively planning the construction of a general aviation industry base,” said Tsinghua University in a report published in June.
Local authorities view development of the bases as a way to upgrade regional industrial infrastructure and transform the economy, and are offering various preferential investment policies to lure businesses, the report said.
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The jump in investment reflects eagerness among local governments to buy into the nation’s aviation goals, which have taken off amid deteriorating relations with the US.
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