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People's Daily Online>>China Business

New jumbo jet HQ settles in Shanghai (2)

By Yang Jian   (Shanghai Daily)

08:42, February 29, 2012

China is investing 200 billion yuan (US$31.8 billion) in developing its domestic jumbo jet. All facets of the process - from design to sourcing and production - will be done in China, as the project aims to reduce the country's reliance on overseas firms such as Boeing and Airbus.

The C919, with 150 seats and a flying range of 4,075 kilometers, already has 235 orders from more than 10 Chinese companies. It is due to make its first flight in 2014.

The ARJ21 has more than 200 orders, mainly from Chinese state-controlled companies. It has begun final flight test certification.

Zone B is an area of 18.72 hectares earmarked for headquarters. Some 28 office buildings, to be built with environmentally friendly materials, will be constructed in the area, said Ding Hao, Expo Development Group president.

The city is also to build the country's first hotel cluster, with 1,200 rooms, in front of the Expo Center mainly for staff and officials of the enterprises.

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