One of the criticisms of China's policy in aerospace is that it focuses on glamor rather than profit. And it is true that the government and its manufacturers do pour public funds into high-profile projects to make complete aircraft, even though it might be more profitable to focus on the duller but serious business of making parts and supplying services to the global industry. In fact, China is doing both. While the state is chasing headlines and glory and deferring profits, private enterprise is just chasing the money.
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