BEIJING — Now classifying its Shenzhou spacecraft as operational equipment, not experimental, China launched its fifth manned space mission on June 11. The objectives of the 15-day Shenzhou 10 mission are to further develop China’s technologies for docking and supporting human life in space, laying the groundwork for the space station that is supposed to be operational around 2020. With Shenzhou 10, the phase aimed at perfecting docking and spacewalking techniques should be complete.

For Western aviation equipment manufacturers, setting up joint companies with Avic usually offers lower costs and a boost to sales, thanks to access to the controlled Chinese market. For the Chinese side, partnership has a more fundamental value: It provides access to a business that would otherwise not be accessible at all. But in the latest Sino-Western partnership, aimed at developing and building commercial flight simulators, both sides need each other to make any headway.

China Eastern Airlines and Qantas are selling a one-third stake in Jetstar Hong Kong to a local company to reinforce their application for an air operator’s certificate for the proposed budget carrier. Conglomerate Shun Tak Holdings says it will pay $66 million for the share in Jetstar Hong Kong. The investment means that the airline will have partial Hong Kong ownership, although it will still fall short of the usual requirement in the global industry that local investors hold 51%.