OREANDA-NEWS. January 16, 2013. The foundation was recently laid for the Xiangyang Aviation Technology and Equipment Industrial Park in the Xinshiqu district of Baoding, Hebei province.

The industrial park grew out of a strategic cooperation agreement between the Aviation Industry Corp of China and the Hebei provincial government.

It is expected to cost 3.3 billion yuan and will become an R&D center for AVIC’s soft intelligent and technological equipment, manufacturing, and spare parts for its numerically-controlled machines and an aviation equipment and manufacturing base.

AVIC representatives said the park will provide an opportunity to develop an industrial pattern where the R&D center is in Beijing and production base in Baoding. It is expected to be a high-level equipmental industrial base.