logo
Comac ramps up challenge to Boeing and Airbus with plans to boost C919 production capacity

Comac ramps up challenge to Boeing and Airbus with plans to boost C919 production capacity

China's leading aircraft manufacturer plans a further 50 per cent boost to production capacity for the C919 – the country's first home-grown narrowbody jet – this year as it ramps up the challenge to the Boeing-Airbus duopoly in the domestic market, according to information shared with suppliers at a conference in Xian this week.
Advertisement
Commercial Aircraft Corporation of China (Comac) said it will increase production capacity to 75 planes – up from the 50 it announced in January – according to a WeChat account focused on the company's supply chain that shared updates delivered at Thursday's conference.
It also announced plans to increase annual C919 production capacity to 200 planes by 2029.
Comac plans to produce over 50 C919 jets this year, up from its original target of 30, with annual output expected to reach 150 by 2029.
The Shanghai-based manufacturer did not disclose details on its WeChat account but the figures were widely circulated on the Weibo microblog service – the Chinese equivalent of X – through screenshots and reports from people who attended the conference. The company did not respond to a request for confirmation from the Post.
Advertisement
According to the production plan presented at the conference, C919 production capacity will rise to 100 planes next year.
The conference was also told that annual procurement costs for the C919 programme have surged 70 per cent year on year, which would take this year's figure to about 34 billion yuan (US$4.7 billion).

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

US-China: what's really at stake in London
US-China: what's really at stake in London

Asia Times

timean hour ago

  • Asia Times

US-China: what's really at stake in London

A high-stakes showdown is unfolding this week in London—far from the manufacturing plants of Shenzhen or the trading floors of Wall Street, yet central to the global economic order. Senior US and Chinese officials will hold a second day of talks today (Tuesday) aimed at de-escalating the most consequential economic rivalry of our time. After Monday's first day of talks, US President Donald Trump said, 'We are doing well with China. China's not easy…I'm only getting good reports.' China is negotiating for looser US tech controls while the US wants China to ease limits on rare earth mineral exports. But for investors watching from Singapore to Silicon Valley, these meetings aren't just about tariffs. They're about who writes the rules of the 21st-century global economy. Both sides are seeking to revive the Geneva framework established last month—an agreement that temporarily eased a volatile tariff standoff by rolling back US import duties on Chinese goods from 145% to 30%, and slashing Chinese tariffs from 125% to 10%. The compromise was a ceasefire, not a peace treaty. Since then, fiery accusations of non-compliance have resumed. Washington says Beijing is dragging its feet on critical mineral exports. Beijing accuses the US of doubling down on tech restrictions, particularly on semiconductors and AI. The talks in London are significant because the stakes have never been higher. China and the US are no longer just competing powers—they are operating two fundamentally divergent systems, each trying to shape the global economic architecture in its own image. This is a full-spectrum competition that spans data flows, digital currencies, energy policy, national security, and ideology. Investors ignore this at their peril. To understand the gravity of this week's negotiations, you have to look beyond the tariff tables and see the wider trajectory. Under Trump, the US is doubling down on strategic protectionism. The re-imposition of sweeping 'Liberation Day' tariffs in April was not an isolated action—it was the next phase in a broader effort to reshape American economic exposure. China, under President Xi Jinping, is responding in kind by accelerating self-reliance campaigns, boosting its military-industrial complex and tightening control over capital flows and foreign technology. The two economic giants are hurtling toward a split system of parallel supply chains, competing standards, rival digital currencies and mutually exclusive rules for artificial intelligence. The old model—interdependence through globalization—is unraveling in real time. From a market perspective, this fracturing introduces volatility but also extraordinary opportunity. Strategic sectors are being rapidly repriced. Defense tech, AI, cybersecurity, semiconductor manufacturing and rare earths have all emerged as proxies in this economic power contest. Recent capital flows tell the story: US and European investors are ramping up exposure to domestic chip production, while China is injecting vast state funding into its own tech champions and weaponizing industrial policy. Just last week, China's Ministry of Industry and Information Technology announced a new 500 billion yuan (US$69 billion) investment initiative focused on dual-use technologies—those with both civilian and military applications. Simultaneously, the US Commerce Department expanded its export restrictions to cover quantum computing components and AI training data sets. The message from both sides is unmistakable: dominance in tomorrow's tech is national security today. The London talks, then, a theater where the future is being negotiated—or not. With US Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer facing off against China's Vice Premier He Lifeng, these are the most senior discussions since the Geneva reset. Both capitals know what's at stake, and neither wants to look like it's blinking. Investors are caught in a strange double bind: exposed to the risks of fragmentation, but positioned to benefit from the rush to secure the commanding heights of the future economy. That's why the London talks are being watched as closely in corporate boardrooms as in diplomatic circles. If the talks succeed in holding the Geneva line, it could stabilize sentiment and breathe life into cross-border dealmaking that's been paralyzed by policy uncertainty. If they fail—and signs point to fundamental misalignments in trust and expectation—then the decoupling will accelerate. Supply chains shift faster, capital reallocates at scale and inflation risks in key inputs like semiconductors and rare earths will spike again. Investors will need to think in terms of dual portfolios: one optimized for the Western bloc, the other for the Chinese sphere of influence. However, there is another, deeper implication that should not be overlooked. The current rivalry is not just about GDP or tech leadership; it's about two economic visions vying for legitimacy. One is anchored in democratic capitalism, now reasserting control over trade and industrial policy after decades of liberalization. The other is a centralized, state-driven model that promises order, speed and resilience. This isn't the Cold War redux, it's something newer, more fluid—and potentially longer-lasting. That's why framing these talks purely as tariff negotiations misses the point. This is about system design and every conversation about chips, data or critical minerals is, in reality, a conversation about who gets to define economic power in the coming decades. Some investors have already begun adjusting to this reality. Sovereign wealth funds are shifting long-term allocations away from passive indices and toward strategic sectors. Venture capital is increasingly split along ideological lines. Private equity is retreating from cross-border deals in politically sensitive industries. The smart capital knows this is the macro megatrend. What London offers this week is a readout not just of policy positions but of political will. Are the world's two largest economies capable of coexisting with guardrails, or are we headed toward a fully bipolar economic order? Markets have always priced in risk. But this is something more fundamental. This is about pricing in rival worldviews. And the London talks are where the next chapter begins.

Tech war: Huawei founder Ren says state-of-the-art chip performance can be achieved
Tech war: Huawei founder Ren says state-of-the-art chip performance can be achieved

South China Morning Post

time2 hours ago

  • South China Morning Post

Tech war: Huawei founder Ren says state-of-the-art chip performance can be achieved

Ren Zhengfei, the founder of Chinese technology giant Huawei Technologies , said the company's Ascend chips are still lagging behind those from the US 'by a generation', but state-of-the-art performance can still be achieved by using other tactics. Advertisement In a front page interview published on Tuesday with People's Daily, the mouthpiece of the Communist Party, Ren said by using methods like 'stacking and clustering, the computing results are comparable' to the most advanced programmes in the world. Huawei has patented some techniques to package chiplets on top of each other to make processors smaller. It was the first time that Ren spoke about the effects of US sanctions since the launch of ChatGPT in 2022. His comments echoed a view that Washington has failed to arrest China's technological advances, particularly in the field of artificial intelligence (AI). People visit Huawei's Ascend AI booth during the World Artificial Intelligence Conference in Shanghai on July 4, 2024. Photo: AP He said China has many advantages in developing AI, including 'hundreds of millions of young people' in addition to 'sufficient electricity and a developed information network'. 'China's power generation and power grid transmission are very good, and the communication network is the most developed in the world,' Ren said. 'In terms of software, there will be hundreds of open source software [programmes] in the future to meet the needs of the entire society,' he said. Advertisement The interview was published at a time when Washington is ramping up its restrictions on China and Huawei Technologies is in the eye of the storm. In May, the US Department of Commerce published new guidance saying the use of Ascend chips 'anywhere in the world' could be interpreted as a violation of American export controls.

US stocks end mostly up as markets eye trade talks
US stocks end mostly up as markets eye trade talks

RTHK

time2 hours ago

  • RTHK

US stocks end mostly up as markets eye trade talks

US stocks end mostly up as markets eye trade talks US stocks barely moved, with the Dow down 0.15 percent, the S&P 500 up 0.08 percent, and the Nasdaq up 0.30 percent. File photo: AFP Wall Street stocks edged higher on Monday as US and Chinese representatives held high-stakes trade talks and markets looked ahead to key economic data. Trade representatives for the world's two biggest economies plan a second day of talks on Tuesday following an opening round on Monday. Although there were no breakthroughs, the market has welcomed the negotiations. "There's hopes that they're inching closer to some sort of a deal," said Peter Cardillo of Spartan Capital Securities. The Dow Jones Industrial Average finished flat at 42,761. The broad-based S&P 500 climbed 0.1 percent to 6,005, while the tech-rich Nasdaq Composite Index added 0.3 percent at 19,591. Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer are leading the US delegation, while China's team included Commerce Minister Wang Wentao and China International Trade Representative Li Chenggang. Among individual companies, Apple fell 1.2 percent after company executives emphasised its artificial intelligence efforts at the tech giant's annual developers conference, including allowing app makers to directly access a device's AI capabilities. Apple has lagged some rivals in introducing AI-advancing updates to its Siri voice assistant and other programs. Warner Brothers Discovery finished down 3 percent after unveiling a plan to split itself into two companies to better position for the streaming era. The entertainment giant will break itself into two publicly traded companies: one covering "Streaming & Studios" and the other "Global Networks." The shift, designed to enable each venture to "maximize its potential," is expected to be completed by mid-2026, the company said. This week's agenda includes releases on consumer and producer prices, and key benchmarks on inflation. (AFP)

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store