Chinese company to invest 100 million dollars into Czech-Chinese aviation projects`
The Chinese company Wanfeng Auto Holding will invest 100 million dollars (2.4 billion crowns) into Czech-Chinese aviation projects, the ctk news agency reported on Sunday. A memorandum to that effect was signed between the said company and the CzechTrade agency during Prime Minister Bohuslav Sobotka’s working visit to China. Mr. Sobotka said the company was interested in financing the production of light and medium aircraft, with plane parts produced in the Czech Republic and assembled in China. Cooperation in the aviation industry was one of the main topics discussed during the Czech-Chinese talks.