Abstract

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Thank you, Chairman Shea and Vice-Chairman Bartholomew, for the opportunity to testify today on China’s aerospace industrial polices. The government policy of the People’s Republic of China (PRC) directly strives to create aerospace national champions that not only support their domestic market but are also globally competitive. Given that, in 2015, the United States exported more than $125 billion of aerospace products, resulting in a
trade surplus of $66 billion from the U.S. aerospace manufacturing sector,3  the creation of a strong Chinese global competitor has the potential to affect the U.S. economy and employment. Aerospace technology plays a critical role in defense and national security, and the success of PRC government policy would have national security implications as well. ​