
The Aviation Industry Corporation of China (AVIC) has finalised strategies to expand during the coming years in line with Chinese government policies. AVIC said in a recent press release that its development plans are aligned with Beijingâs 14th Five Year Plan (FYP), which runs 2021â25, and the countryâs medium and long-term science and technology plan (MLP), which covers 2021â35.
AVIC said its development plans â approved by the corporationâs board of directors on 20 April â include measures to support Chinaâs development as a developer and producer of âworld-class aviation equipmentâ and AVICâs progression as a âworld-class enterpriseâ.
AVIC did not elaborate but the corporation has recently prioritised the implementation of a series of reforms geared towards enhanced efficiencies and industrial optimisation; decentralisation through supply chains and partnerships with suppliers; innovation and research and development (R&D); and efforts to strengthen its capital position.
Some of these reforms â for instance, requirements to increase efficiencies and supply-chain partnerships â have been prompted by the Covid-19 pandemic.
AVIC has also recently acknowledged that it faces some challenges â in terms of its industrial practices â to improve its response to requirements outlined in Chinaâs 14th FYP and MLP, which both prioritise âindependent innovationâ and the integration of advanced technologies and systems into the Peopleâs Liberation Army (PLA).
Earlier this year, AVIC said in a press release on its website that its âfirst [challenge] is a lack of innovation capabilities. It is urgent to achieve higher levels of innovation in materials, technologies, and production [and] increase investment in scientific and technological innovation.â
It added, âThe second is that supply-chain coordination, research and production, and cross-industry organization, are facing huge challenges, and related systems, mechanisms, and resource allocation are not yet in place.â
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