| Description |
1 online resource (xix, 104 pages) : color illustrations |
| Series |
Research report ; RR-1755-USCC |
|
Research report (Rand Corporation) ; RR-1755-USCC.
|
| Contents |
Preface -- Figures and Tables -- Summary -- Acknowledgments -- Abbreviations -- 1. Introduction: Sources and Methodology -- Scope and Limitations -- 2. Aviation Markets: United States Aerospace and Defense Industries -- Civil Aviation Markets -- Future Market Projections and China -- General Aviation in China -- Civil Aviation Manufacturing in China -- Findings on Aviation Markets -- 3. China's Government Policy for Commercial Aviation: Chinese Government Planning and Commercial Aviation Development -- Five-Year Plans -- Strategic Emerging Industries -- National Civil Aviation Medium- to Long-Term Plan (2013-2020) -- National Medium-and Long-Term Program for Science and Technology Development (2012-2030) -- 12th Five-Year Plan for Chinese Civil Aviation Development (2011-2015) -- Made in China 2025 Initiative -- Implementation of Chinese Government Commercial Aviation Policies -- COMAC and the C919 Jetliner: C919 Start-Up Capital -- COMAC Shanghai Subsidiaries -- Shanghai Development Banks -- Shanghai Municipal Economic and Information Commission -- Ties with Other Local Provincial Governments -- Chinese Policies and Laws on Commercial Aviation Joint Ventures: Aero Engine Corporation of China -- Findings on China's Government Policy -- 4. Chinese Investments in U.S. Aviation: Descriptions of Chinese Investments in U.S. Aviation: Joint Ventures -- Other Types of Deals -- Failed Deals -- Investment Patterns -- Relationships with U.S. Aerospace Engineering Universities: U.S. Universities' Relationship with Chinese Universities and Entities -- Findings on Chinese Investments and Relationships with U.S. Aviation -- 5. Assessing the Effect of Chinese Investments in U.S. Aviation: A Strategy for Chinese Investments in U.S. Aviation? -- Technology Transfer and Development of China's Domestic Industry -- Implications for U.S. Global Competitiveness -- Possible Military Implications -- Findings on the Implications of Chinese Investments -- Policy Implications -- 6. Conclusions -- References |
| Summary |
"This report assesses Chinese investment in U.S. aviation from 2005 to 2016. It provides context in China's demand for aviation products and aviation industrial policies, while assessing technology transfers and impact on U.S. competitiveness. Since 2005, Chinese companies have steadily increased investment in U.S. aviation by acquiring, merging, or establishing joint ventures with more than a dozen U.S. aviation companies without directly running afoul of U.S. regulation. The combination of Chinese government policy to become globally competitive in aviation and the availability of capital drives these investments, but they are constrained by U.S. government foreign investment and export laws as well as classic business concerns about return on investment. While China has unambiguous government policies supporting the development of a globally competitive aviation industry, Chinese investment in U.S. aviation over the past decade has primarily involved lower-technology general aviation manufacturers that do not affect U.S. competitiveness. Chinese demand for large commercial aircraft may be as much as one-fifth of global demand, but the duopoly nature of global aviation also creates barriers to China's goal of developing a globally competitive commercial aircraft manufacturer, as any manufacturer of a new commercial aircraft struggles to achieve efficiencies of scale"--Publisher's description |
| Notes |
"This research report was prepared at the request of the U.S.-China Economic and Security Review Commission to support its deliberations"--Title page verso |
| Bibliography |
Includes bibliographical references (pages 89-104) |
| Notes |
Description based on online resource; title from PDF title screen (RAND, viewed May 4, 2021) |
| Subject |
Aerospace industries -- United States
|
|
Aerospace industries -- China
|
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Investments, Chinese -- United States
|
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Government business enterprises -- China
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Aircraft industry -- Government policy -- China
|
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Aeronautics, Commercial -- Government policy -- China
|
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National security -- United States.
|
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Aeronautics and state -- China
|
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BUSINESS & ECONOMICS -- Industries -- General.
|
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Aeronautics, Commercial -- Government policy
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Aerospace industries
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Aircraft industry -- Government policy
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Economic policy
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Government business enterprises
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Investments, Chinese
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National security
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| SUBJECT |
China -- Economic policy -- 2000-
http://id.loc.gov/authorities/subjects/sh00001557
|
| Subject |
China
|
|
United States
|
| Form |
Electronic book
|
| Author |
Rand Corporation, publisher, issuing body.
|
|
U.S.-China Economic and Security Review Commission, sponsoring body.
|
| ISBN |
9780833097163 |
|
0833097164 |
|
