China says approves plan to develop large jets Staff, Reuters News, 03/18/2007 BEIJING, March 18 (Reuters) - The Chinese cabinet has approved in principle a plan to develop the country's own large passenger jets, the government said on Sunday, in a move that could challenge the dominance of Boeing Co. (BA.N: Quote, Profile , Research) and Airbus. The State Council, China's cabinet, has also given the go-ahead to set up a company to build the aircraft, the government said in a statement on its Web site (www.gov.cn). "The State Council meeting believes that building large aircraft is an important, strategic...