I am sometimes amazed by all the optimism of the dozens of Western aerospace executives shuttling in and out of the Comac (Commercial Aircraft Corporation of China) headquarters in Shanghai. Most have not made a dime yet on the business, but they continue to send dozens of engineers to China, invest millions to form joint ventures with Chinese aerospace companies, and diligently educate the Chinese on the basics of commercial aircraft-building, hoping one day that these costly efforts will ...


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