BEIJING – The Aviation Industry Corp of China (AVIC) will promote its new generation aircraft at China’s upcoming aerospace trade show, the aircraft manufacturer said Thursday.
The company’s heavy transport aircraft Y-20 and stealth fighter J-31, the major models in the new series, will be demonstrated at the 11th China International Aviation and Aerospace Exhibition, which opens on Nov. 1 in the southern port city of Zhuhai, Guangdong Province.
The new planes represent AVIC’s advances toward the fourth generation of aircraft technology, the company said.
In June, the first two Y-20 planes were delivered to the People’s Liberation Army Air Force after nearly a decade of design, manufacture and test flights. With a maximum takeoff weight of around 200 tonnes, the large freighter plane is ideal for transporting cargo and people over long distances in diverse weather conditions.
As a major aerospace and defence company in China, AVIC has developed a series of advanced fighters, helicopters and airborne early warning aircraft, and exported many models.
The six-day air show has been held in Zhuhai every two years since 1996.
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China’s imports in August rose for the first time in nearly two years while the decline in exports decelerated, signaling that government measures to stabilize growth may have taken effect, experts said on Thursday.
Dollar-denominated imports beat expectations to increase by 1.5 percent year-on-year, reversing a 12.5 percent slump in July.
Exports in dollar terms fell 2.8 percent year-on-year, the slowest pace in four months, according to data from the General Administration of Customs.
Factors including a rebound in commodities prices, improved domestic and overseas demand, and a weaker yuan may have contributed to the better-than-expected trade data in August, experts said.
Guo Yanhong, chief strategist at Founder Securities Co, said that the improved trade data also pointed to the effective government measures to stabilize growth, including expansion of infrastructure projects and strong property sales, which helped lift domestic demand and boost import growth.
Official data showed that China’s iron ore imports jumped 9.3 percent in August from a year earlier, while coal imports rose by 12.4 percent.
“The improvement in imports could last until September but any adjustment in China’s property market could once again weigh on imports,” Guo said.
Zhao Yang, an economist at Nomura Securities Co Ltd, said that the surprising surge in imports in August may be more transient than long-lasting.
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Shanghai is keen to deepen the reform of becoming a global shipping hub with continuous higher throughput capacity of cargos, upgraded airport construction and comprehensive shipping services in the Yangtze River Delta.
According to the 13th Five-Year Plan on forming Shanghai to be a global shipping center, released today by the municipal government, Shanghai port is expected to remain the leading global pivotal port, with an annual throughput capacity of containers for 42 million TEUs. The annual throughput capacity of passengers’ visits in airports is expected to reach 120 million.
“The under construction of the fourth phase of Yangshan Deep-water Port is an automated terminal project, which will be put in trial production by next year, with an extra 4 million TEUs,” said Zhang Lin, deputy director of the Shanghai Municipal Transportation Commission.
In the cruise industry, Shanghai port is planned to become one of the largest cruise ports in the Asia Pacific region and the home port of more than 12 to 15 cruise ships, with a total number of 1.5 to 2 million visits by tourists.
By the year of 2020, the city aims to become a global shipping hub gathering high-level shipping resources, offering comprehensive shipping services and efficient logistics, and having the capability of resource allocation.
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