Before AVIC’s (Aviation Industries of China) annual summit, China’s top leaders instructed all top officials to praise AVIC for its great achievements in 2009. The leaders who praised AVIC include Hu Jintao, Politburo members Wu Bangguo, Jia Qinglin, Li Changchun, Xi Jinping, Li Keqiang, and He Guoqiang, Deputy Prime Minister Zhang Dejiang, State Council Member Liu Yandong, Deputy Chairman of Central Military Committee Guo Boxiong and Xu Caihou, and many Department Ministers and heads of military departments.
AVIC’s achievements for 2009 were a sales revenue of 191 billion yuan (US$28.5 billion), a profit of 9.7 billion yuan (US$1.4 billion), a $1 billion dollars sale of 42 FC-1 planes to Pakistan, 10 M&As (merger and acquisitions), amd significant progress on developing plane models (produced models for 3 planes, 10 planes passed evaluation, 12 planes had first light, and initiated projects for 12 planes and 2 bombs).
1. China News Service, January 24, 2010
2. China Government Procurement website, January 21, 2010