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China Aviation Industry Corp I (AVIC I) on Tuesday celebrated the establishment of two civil aircraft joint ventures based in Shenyang and Chengdu.

The two companies had taken the lead in the nation to absorb investment from the capital market instead of solely relying on government support as the military aircraft industry used to do, said Lin Zuoming, general manager of AVIC I.

The registered investment of each company was 500 million yuan (US$65.8 million).