After a highly publicized global search for foreign managers to help it modernize, China’s main military jet maker has hired six executives — all of them Chinese, a company spokesman said yesterday.
Aviation Industry Corp (AVIC, 中國航空工業) of China announced in February it wanted “new blood” from overseas to help it compete in commercial aviation. The move was unprecedented for a Chinese military contractor and reflected Beijing’s ambitions in civilian aerospace.
AVIC received nearly 1,000 applications from 20 countries and 10 foreign nationals were among 67 people in the final round of interviews, AVIC spokesman Ding Zhiyong (丁智勇) said. Ding said he did not know why only Chinese nationals were hired.
“Maybe there was a mismatch between the recruits and the posts,” he said. “We are still in contact with some candidates for experts’ posts. Some of them might not fit into management posts, but they are very skillful.”
Government-owned AVIC is trying to develop aircraft including a 150-seat jetliner to compete with Boeing Co and Europe’s Airbus.
The new managers, who include a former Chinese deputy mayor, will be vice presidents of AVIC’s defense, aircraft, helicopter, investment and international divisions, Ding said. He said several have doctorates or master’s degrees from foreign universities.
The Chinese government created AVIC in November by merging its two biggest military aircraft companies. It hopes to speed up weapons development and nurture a Chinese commercial aerospace industry.
China’s aviation market is one of the biggest and fastest-growing but has relied until now on Boeing and Airbus to supply jetliners.
Boeing has forecast Chinese carriers will need 3,400 new aircraft over the next two decades.
The combined effect of the monsoon, the outer rim of Typhoon Fengshen and a low-pressure system is expected to bring significant rainfall this week to various parts of the nation, the Central Weather Administration (CWA) said. The heaviest rain is expected to occur today and tomorrow, with torrential rain expected in Keelung’s north coast, Yilan and the mountainous regions of Taipei and New Taipei City, the CWA said. Rivers could rise rapidly, and residents should stay away from riverbanks and avoid going to the mountains or engaging in water activities, it said. Scattered showers are expected today in central and
COOPERATION: Taiwan is aligning closely with US strategic objectives on various matters, including China’s rare earths restrictions, the Ministry of Foreign Affairs said Taiwan could deal with China’s tightened export controls on rare earth metals by turning to “urban mining,” a researcher said yesterday. Rare earth metals, which are used in semiconductors and other electronic components, could be recovered from industrial or electronic waste to reduce reliance on imports, National Cheng Kung University Department of Resources Engineering professor Lee Cheng-han (李政翰) said. Despite their name, rare earth elements are not actually rare — their abundance in the Earth’s crust is relatively high, but they are dispersed, making extraction and refining energy-intensive and environmentally damaging, he said, adding that many countries have opted to
FORCED LABOR: A US court listed three Taiwanese and nine firms based in Taiwan in its indictment, with eight of the companies registered at the same address Nine companies registered in Taiwan, as well as three Taiwanese, on Tuesday were named by the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) as Specially Designated Nationals (SDNs) as a result of a US federal court indictment. The indictment unsealed at the federal court in Brooklyn, New York, said that Chen Zhi (陳志), a dual Cambodian-British national, is being indicted for fraud conspiracy, money laundering and overseeing Prince Holding Group’s forced-labor scam camps in Cambodia. At its peak, the company allegedly made US$30 million per day, court documents showed. The US government has seized Chen’s noncustodial wallet, which contains
SUPPLY CHAIN: Taiwan’s advantages in the drone industry include rapid production capacity that is independent of Chinese-made parts, the economic ministry said The Executive Yuan yesterday approved plans to invest NT$44.2 billion (US$1.44 billion) into domestic production of uncrewed aerial vehicles over the next six years, bringing Taiwan’s output value to more than NT$40 billion by 2030 and making the nation Asia’s democratic hub for the drone supply chain. The proposed budget has NT$33.8 billion in new allocations and NT$10.43 billion in existing funds, the Ministry of Economic Affairs said. Under the new development program, the public sector would purchase nearly 100,000 drones, of which 50,898 would be for civil and government use, while 48,750 would be for national defense, it said. The Ministry of