Arguably one of the great weaknesses of the British and European economies is that capital-strapped banks play too dominant a role in the provision of vital finance to businesses (and households).
And in the 21st Century, IP-intensive industries like technology, advanced manufacturing and biopharmaceuticals will play an increasingly dominantrole in our economy.
Already thedominant player in China, look for AVIC to play a far more prominent in-your-face role, as the cash-rich company makes more acquisitions, locks down more joint ventures and makes further, more publicized inroads into the global aerospace market.