Essential Capital (a.k.a 元航资本 in Chinese) is a Chinese VC firm founded in 2015 and based in Beijing. Essential Capital considers itself an early-middle stage investor, with a major focus on “hard tech”. As an early mover within the VC world into the burgeoning Chinese space industry, the company’s founders gave some interesting insights on the topic in an interview to the Chinese media Iyiyou … Continue reading Interview with Essential Capital (元航资本) on the Perspectives of Commercial Space in China
Introduction China’s history with space is essentially that of large state corporations, even to this day. Until very recently, almost all of China’s space industry could be linked to just two state conglomerates: CASC (China Aerospace Science and Technology Corporation), and CASIC (China Aerospace Science and Industry Corporation). The year 2014, however, marked a radical change of mindset. At a State Council executive meeting, Premier … Continue reading China’s New Space: a deep dive into the world’s fastest growing commercial space industry
I sometimes read in (non-specialized) media that the C919 single-aisle aircraft currently under development by Chinese manufacturer COMAC is just an “empty shell”. The idea conveyed here is “since most aircraft systems come from foreign companies, it means that China doesn’t get the credit for building the aircraft”. In a nutshell, they are saying that the C919 “isn’t really Chinese”. I actually sometimes get that … Continue reading Airbus A320, Boeing 737, COMAC C919: where do the suppliers come from?
China has achieved a remarkable catch-up in multiple industries, such as high-speed trains, automobile and renewable energies. In some, it is emerging as a global leader (smartphones, home-use electronics, …). In contrast, the aviation industry still lags behind foreign counterparts despite the launch of ambitious national programs and significant government support. Acquiring foreign competitors, setting up JVs with leading-edge players is an effective way to … Continue reading Overview of Chinese Investments in the Western Aviation Industry
The Chinese aircraft interiors industry is a domain which has seen spectacular development in recent years, both through organic growth and international acquisitions. China’s aircraft interiors industry before the 2000s is unclear. Although it is very likely that some form of industry existed due to China’s development of military aircrafts, we may only presume that it was very weak in the civilian aircraft sector due … Continue reading A Retrospective on China’s Aircraft Cabin Industry
Figures in this article are based on the China Civil Aviation Report, published by the MIIT (Ministry of Industry and Information Technology) in 2017 China’s aviation industry is, as you already know, highly state-driven and composed essentially of state-owned conglomerates. Historically it has always been considered a strategic industry due to its role as a military asset, although increasing importance has been given to its … Continue reading What’s the Chinese Aviation Industry like? 5 Facts & Figures