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The price of each Airbus A350-900 aircraft is at about 8.9 million, including airframe and engine, according to the catalogue price of Airbus SAS, a division of the multinational Airbus Group SE that manufactures civil aircraft.

The premier said reforms offer the way forward in cutting overcapacity, which is a vital part of supply-side structural reform.

The project has a budget of about billion, 85 percent of which is financed by Chinese banks, with the remaining amount covered by Egypt's Ministry of Housing, Utilities and Urban Communities. It is part of Egypt's blueprint for a new administrative capital between Cairo and Suez, with an area of 714 square km, to help ease chronic congestion experienced by more than 20 million residents of Cairo.

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The program, unlike traditional car importing, does not require auto dealers to import strictly from car makers, and more often than not, the vehicles involved will be new to the Chinese market, offering more choices to potential customers.

The promotion can also effectively boost customer traffic in brick-and-mortar shopping malls. According to Jiang Xuefen, vice-general manager of Shanghai's MTR City Plaza, customer flow was expected to see 150 percent to 200 percent growth on Dec 12 compared with the daily average, and the momentum will continue as several discount benefits are valid over a 30-day period and beyond.

The president also wants to stimulate domestic industrial production and reduce the country's unemployment rate.

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The program is now exploring ways to take part in the Belt and Road Initiative, proposed by China, and to tie the San Francisco Bay Area to the Greater Bay Area of the Pearl River Delta in China.

The projects related to the initiative are mostly commercial projects, she said. However, the Chinese government will suggest the companies to release the early stage information of the projects as well as related information to the public, she said.

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The project has faced many challenges since its launch, with production materials having to be transported to the construction site by sea, and the work area damaged by a monsoon, according to CCCC.

The program, however, requires payment for credential. Most of the fees go to program providers, and credit is granted to students who pass the final examination.