I think would not be exactly political. The part where the plutocracy benefits the interests of a few pockets would certainly be political, but by other part, the major aircraft manufacturers in the EU and the UE, build civil aircraft as well as military ones.
As I understand it, to torpedo these companies by dumping prices would be to indirectly torpedo the EU's and the UE's defense aircraft production. A cost based production battle would be never won against China. And I guess many taxes would be earmarked to counteract this, again.
By other side, the rampant lack of quality in Chinese products and the inability to produce enough planes if they were contracted, in my guess would translate into the quick construction of factories with the worst production quality yet to be seen, for to feed the dumping.
The matter is, in such scenario we as consumers would be deeply affected, as civil aircraft manufacturing is already at the limit of what can be done without compromising safety (seriously, some managers should have been fired a few years ago, The aim should not be to imitate the lack-quality of the Chinese industry).
I don't want to think about what would happen if a race to cut manufacturing costs were endemically launched in the civil aircraft sector. As European I don't want to see it. If it were, lets say, the Japanese industry, the high quality one, not the one that is offshoring production to China, I wouldn't be worried about it or comment on it.
This is mere guessing, I'm not in the sector (It would be interesting to find objective researches on this matter in fact).