A new state run enterprise has been set up in China in order to begin the development of advanced jet engines.
The new company, called Aero Engine Corp. of China (AECC), is part of a push to improve the country’s aerospace manufacturing capabilities. AECC was established on Sunday in Beijing, and will produce both aircraft engines, as well as gas turbines. The company itself represents a consolidation of three smaller Chinese aerospace firms: AVIC Aviation Engine…
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