The Times of Israel reports:
Just a few days after the Technion broke ground on a research center in Guangdong, a second Israeli institution — Israel Aerospace Industries — announced that it, too, was establishing one in the southeastern Chinese province.
The agreement signed on Tuesday in China between IAI with the Shantou Municipal Government of China, the Guangdong Airport Authority and other Chinese partners will help, Chinese officials hope, turn the region into a center of development for China’s aviation industry.
While China has excelled in manufacturing in general, to the extent that it has long been called “the world’s factory,” the Chinese have had less success in building a civil aviation industry — the crown jewel of manufacturing, worth hundreds of billions of dollars annually.
While Chinese-made products dominate electronics, apparel, plastics, and many other fields, the country has done far less well in manufacturing planes for civilian use, whether in China or abroad. In 2014 alone, for example, China imported over $100 billion in planes and parts from the US, but managed to export only $3 billion worth of Chinese-made products abroad.
Read the full story at the Times of Israel.