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By 2020, the total output from the cooperation between Airbus and Chinese firms is expected to reach more than billion. The value was 1 million last year and 0 million in 2008, Airbus said.

Buyers and exhibitors discuss potential trade partnership at the third CIIE's pre-expo supply-demand matchmaking session for intelligent industry and information technology in Shanghai on Aug 8. [Photo provided to chinadaily.com.cn]

But today all that has changed. The village, with its refurbished traditional wooden buildings, new roads and, most importantly, new and thriving local industries, has become a model for other less well-off places in China to follow.

By 2024, the demand for passenger transport in China will exceed that of the United States, and China will become the largest air passenger market in the world, the International Air Transport Association forecasted.

But three sectors — smelting, chemicals and building materials — account for about 54 percent of China's total industrial demand for electricity. The reduction in coal consumption may underscore the current state of these sectors, but may not be a good indication of the present situation of light manufacturing, including the export-heavy consumer electronics sector, analysts said.