It will take China more than 10 years to compete with Boeing, Airbus: Dassault Systemes CEO
It will take China more than a decade to create a globally competitive, homegrown airplane maker that can go head-to-head with the likes of Boeing and Airbus, according to an industry veteran.
"I think it will take China one or two generations of airplanes to have a truly worldwide competitive product but it's a logical evolution, provided the market size of the country," he told CNBC's Martin Soong at the Boao Forum in China. At the moment, U.S.-based Boeing and European plane maker Airbus dominate the aircraft manufacturing space along with a number of comparatively smaller players like Brazil's Embraer and Canada's Bombardier.
Currently, Comac has two narrow-body jets, the ARJ21 and C919, and one wide-body plane, the C929, in various stages of production and development.
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