China’s Five-Year Plan (FYP) is the central government’s blueprint for where the country is heading in terms of social and economic growth. The plan establishes specific goals for development and growth rates and sets priorities and policies for accomplishing those goals.
The nation’s 13th FYP was approved in March 2016 and extends to 2020. Top priorities in the latest plan are continued economic development with an emphasis on reform, innovation, and growth.
China’s 13th FYP is significant to the general aviation industry as it highlights GA as a priority for growth within the nation. As China’s skies open, opportunities will emerge for GA companies around the world to expand into China.
General aviation made its debut in China’s 11th FYP covering 2006-2010 when country leaders recognized the nation’s growing demand for air travel and aviation’s importance to economic growth. The 13th FYP elevates expansion of GA within the country’s priorities and thus banks in China will give investment priority to GA businesses to encourage growth.
China’s decision to invest in general aviation is significant as the country’s aviation history is mostly military. Sharing the sky with GA will require a great deal of cooperation from a government accustom to tight control.
Blue Sky Innovations has substantial expertise in the Chinese market. The team at BSI serves to help GA businesses around the world expand into China and help Chinese GA companies expand abroad.
BSI is hosting a deligation of Chinese GA leaders at EAA’s AirVenture Oshkosh and will be making a significant industry announcement at a press conference on Tuesday, July 26th at 10:30 am at EAA headquarters.
EAA’s AirVenture Oshkosh attracts over 10,000 aircraft and more than 500,000 aviation enthusiasts including top government officials and corporate leaders from around the world. The sheer size and popularity of the event make it a prime opportunity to connect with industry leaders, build synergistic relationships and learn about innovations and breaking news in the GA industry.
We hope you will join us at the press conference on July 26th at 10:30 am at EAA headquarters or drop by our booth #3130 in the C Hangar.
If, while at Oshkosh, you’d like to meet any of the Alliance company members or disscuss expansion into China or Chinese partnership opportunites, please contact us to schedule a time. We look forward to seeing you at Oshkosh.