Within the next 20 years, China will need over 6,000 new airplanes, valued at USD 870b and representing 17% of worldwide demand. Chinese policy-makers have recently regarded the commercial aviation industry as an important driver of economic growth and technological development. The 12th Five-Year Plan (2011 – 2015) has demonstrated the governmentâ€™s ambitions, with a quick ramp-up of the Chinese space program and strengthening of the aeronautical industry.
In contrast, the recently published EUCC position paper indicates over-regulation of the industry and burdensome approval processes as a major obstacle to industry growth. In addition, the involvement of multiple government agencies results in different understandings, inefficient work, and unnecessary costs. The government is likely to address these issues in the upcoming Five Year Plan.
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