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Boeing, Airbus to bring in new plane models to China


US-based Boeing Co and France-based Airbus SAS, the two biggest international-aircraft manufacturers, have come up with plans to bring improved versions of their single-aisle aircraft to the mainland Chinese market: Boeing's 737 MAX and Airbus' A320neo. According to Boeing, China will need 3,550 single-aisle aircraft by 2030, of which only 20% will be used as replacements. Airbus forecasted in Fe...


China earmarks USD4.2bn to fund green purchases

China is taking another step towards promoting low-carbon consumption as the State Council earmarks Rmb26.5bn (USD4.2bn) to subsidize the consumption of household electrical appliances for a one-year period. The appliances include air conditioners, flat-panel television sets, refrigerators, washing machines and water heaters that meet energy-saving standards, according to a statement released aft...