China Versus USA

Compare China versus USA:

 

Scrutinizing the above, my eyes locked on US export numbers. I suspect much of it is likely to consist of LNG (with their super ridiculous prices) to the EU and (overpriced) military hardware to NATO nations. 

 

The sanctions against Russia and the ongoing war in Ukraine have immensely benefited the US and make Europe poorer.

 

China’s challenger to Airbus and Boeing’s passenger jets, the narrow-body C919 manufactured by the Commercial Aircraft Corporation of China (Comac), has made its first trip outside Chinese territory, staging a fly-by at the Singapore Airshow yesterday. 

 

China invested heavily to aim to break the hold of the dominant two Western plane makers on the global passenger market. 

 

And this year, China has ambition to advance the C919 and Comac’s footprint domestically and internationally. 

 

The plane is only certified within China and four C919s have already begun flying with China Eastern Airlines. With Airbus and Boeing struggling to ramp up production and meet demand for new planes, and Boeing struggling with a string of crises, the aviation industry is watching how Comac position themselves as a viable alternative.

 

Comac are expected to invest tens of billions of yuan over the next 3-5 years to expand C919 production capacity, Chinese media reported a Comac official saying in January.

 

China’s aviation authority said last month they would this year pursue European Union Aviation Safety Agency (EASA) validation for the C919, a process which began in 2018.

 

Given the aviation industry-wide supply crunch, which is testing an expected full return and then growth of civil capacity in Asia – all of which are garnering Comac more attention. 

 

I'm confident C919 will do well, it's just a matter of time.