INSUBCONTINENT EXCLUSIVE:
this year.
AviChina Industry Technology Co., a maker of training jets, transport helicopters and airplane electronics systems, jumped 40
per cent in Hong Kong since the start of February through Monday as Beijing pledged to boost defense spending
That put it on top of the MSCI Asia Pacific Index, which fell more than 6 per cent in that time.
Growing tensions between China and the US
outpaces profits from general-purpose lightweight aircraft used for cargo transport and crop seeding
Beijing expects defense spending to rise at the quickest pace in three years to 1.11 trillion yuan ($176 billion) as President Xi Jinping
to 1.44 billion yuan while revenue from general-purpose aircraft decreased by 89 per cent to 209 million yuan, according to its latest
said.
The company manufactures helicopters, airplane parts and electronics systems through its mainland-listed subsidiaries including AVIC
and China Avionics Systems Co
AviChina also counts Airbus SE as a partner and stakeholder, with an 11.7 per cent share, according to the latest data compiled by
