China Establishes Company to Build Jumbo Passenger Jets

China invested $2.7 billion to set up a jumbo aircraft company Sunday as a national strategy to lift the country’s technological competence, according to Xinhua News Agency:

China’s first ever jumbo passenger aircraft company was officially inaugurated in Shanghai on Sunday.

The company, named Commercial Aircraft Corporation of China Ltd.(CACC), will be responsible for researching, developing, manufacturing and marketing the made-in-China large passenger aircraft.

The CACC has a registered capital of 19 billion yuan (2.7 billion U.S. dollars). The State-owned Assets Supervision and Administration Commission alone invests 6 billion yuan, becoming the biggest shareholder.

Subscribe to CDT


Google Ads 1


Giving Assistant

Google Ads 2

Anti-censorship Tools

Life Without Walls

Click on the image to download Firefly for circumvention

Open popup

Welcome back!

CDT is a non-profit media site, and we need your support. Your contribution will help us provide more translations, breaking news, and other content you love.