China-s opening-up benefits Airbus

Added On June 11, 2018

China began its historic journey of reform and opening-up in 1978.
In the past 40 years, the drive has lifted the country into the world's second largest economy.
The long-held policy has proved to be a win-win outcome for China and the world.
As Europe's largest aircraft manufacturer,Airbus is one beneficiary of the policy.
CNC Correspondent has the story.
Airbus embarked on its partnership journey with China more than three decades ago.
STANDUP (English): HAN QIAN, Xinhua reporter
"I'm here at the headquarters of Airbus in Toulouse, France. Between Airbus and China, there's a history of over 30 years. In 1985, China bought an Airbus aircraft for the first time, and in 1994, Airbus established its first official presence in Beijing. Over the past three decades, Airbus has witnessed the rapid growth of the Chinese aviation market and industry. In the meantime, China's reform and development has created great opportunities for the company to grow. Today, China is not only a customer for Airbus, but also a supplier and a strategic partner."
"What I'm particularly proud of is that I think we can say it's a history of partnership of true partnership."
The Airbus CEO noted the partnership between China and Airbus had taken a leap forward over the past 10 years, with the group's first final assembly line outside of Europe beginning operation in north China's Tianjin in 2008.
The group has remarkably expanded the number of its commercial aircraft sold to China.
By late 2017, there were more than 1,500 Airbus commercial jetliners in service in China, and deliveries to the country represent nearly a quarter of Airbus' total jetliner production.
Also in 2017, Airbus announced the establishment of its second global innovation center, following the one in Silicon Valley, in Shenzhen, the pioneering city of China's reform and opening-up.
"We see especially in the last 10 years that this partnership has taken off, with a decision for instance to establish the first final assembly line outside Europe ever in China with a growing partnership, growing contractual relationship, with Chinese aerospace companies as suppliers to help us, with an engineering center that we put up in in Beijing, and just recently an innovation center in Shenzhen, because we realize how important innovation is and how quickly Chinese companies are nowadays innovating."
Nowadays, more than 1,900 people are work with Airbus China, many of whom at the final assembly line in Tianjin, which had assembled and delivered 352 A320 aircraft by late 2017.
As head of the Tianjin final assembly line project, former CEO of Airbus China said that China's reform and opening-up is a win-win outcome for China and the world.
SOUNDBITE(English): LAURENCE BARRON, Former President, Airbus China
"Change, I think is the one word I would use to describe modern China. For us, having been able to pursue all these investments successfully is a good example of how foreign companies can take advantage of the opening up and better position itself in China. Many European companies want to do business with China.There are many, many areas in which China represents huge opportunities for foreign companies. The market is vast and there's plenty of opportunity for foreign companies if they can come with the right products or the right technology. So, opening up should be something that is a win-win for both Europeans, foreigners, foreign companies in general and for China."
Today, beyond its role of an important customer and supplier to Airbus, China has also become a strategic partner with Airbus.
CEO of Airbus China said Airbus's cooperation with China had been fruitful in the fields of market, capital, industry and innovation, and has made great progress in the past.
"China is now becoming more and more open. The opening-up comes to higher levels, covers more areas and is deepening. For any multinational company, China is a huge market and a driving force. Multinational companies are paying huge attention and giving lots of resources to China in order to actively take part in the Chinese market. I think the next step is for all multinational companies, whether in terms of talent, high technology, capital or markets, all high-tech companies, or multinational companies from around the world, in fact, should do more in identifying and investing resources to explore cooperation opportunities."
China is expected to overtake the United States as the world's largest aviation market by 2024.
More opportunities will certainly emerge from the Chinese sky.
Airbus aims to have 2,000 aircraft operating in China before the end of 2020 as demand continues to rise.