Liu Xiaoming, Chinese Ambassador to the UK, who also attended the ceremony, said it is exciting to witness "China-UK cooperation on aviation moving up to a new level."
The event has a significant impact on the aviation sector in both China and the UK, and the world aviation development, he said.
As early as 1997, the Aviation Working Group was set up under the China-UK Joint Economic and Trade Commission in a move to enhance cooperation on aviation technology and engineering.
In 2017, a major outcome was reached at the 9th China-UK Economic and Financial Dialogue to expand air traffic right. According to this arrangement, the number of direct flights between the two countries was to increase by 50 percent to 150 per week. Recently, Chinese airlines opened five new direct flights between China and Britain.
"It is amid such an exciting development that AVIC Cabin Systems is born. This meets the need of upgrading China-UK 'air corridor'. It is a vivid example of the thriving cooperation between our two countries on aviation," said the Chinese ambassador.
The Chinese aviation industry, though a late starter, has grown rapidly to become an important pillar of China's economic restructuring. China is considered the world's most promising aviation market. By 2020, China will have over 500 general aviation airports and more than 5,000 general aviation aircraft.
Last month, China issued Special Management Measures (Negative List) for the Access of Foreign Investment (2018) to further increase access to the manufacturing sector. Foreign-ownership limits for manufacturers of certain aircraft, including trunk route aircraft, regional aircraft, general-use aircraft, helicopter, drone and aerostat, are removed.
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