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Americans to allow Chinese aviation sales of aircraft and parts in US
US AVIATION regulators have signed an agreement with Chinese counterparts that effectively opens the door to selling China-made aircraft and parts to the US, according to the Wall Street Journal.
The agreement boosts Beijing's hopes of eventually becoming a global supplier of commercial jetliners and of breaking into a market currently dominated by Boeing and Airbus.
The US has a huge trade surplus with China in the aerospace sector, some US$14.5 billion in 2015. China accounts for 20 per cent of Boeing aircraft deliveries and companies including General Electric, United Technologies and Rockwell Collins provide parts for the new China-built Comac C919 jetliner.
This aircraft is spearheading China's effort to establish a top-tier global aerospace industry. The pact signed by the Federal Aviation Administration (FAA) and the Civil Aviation Administration of China (CAAC), follows years of talks between the two agencies aimed at speeding approval of planes and parts.
The agreement boosts Beijing's hopes of eventually becoming a global supplier of commercial jetliners and of breaking into a market currently dominated by Boeing and Airbus.
The US has a huge trade surplus with China in the aerospace sector, some US$14.5 billion in 2015. China accounts for 20 per cent of Boeing aircraft deliveries and companies including General Electric, United Technologies and Rockwell Collins provide parts for the new China-built Comac C919 jetliner.
This aircraft is spearheading China's effort to establish a top-tier global aerospace industry. The pact signed by the Federal Aviation Administration (FAA) and the Civil Aviation Administration of China (CAAC), follows years of talks between the two agencies aimed at speeding approval of planes and parts.
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