China Establishes New State-Owned Aircraft-Engine Maker - WSJ

http://www.wsj.com/articles/china-establishes-new-state-owned-aircraft-engine-maker-1472397621

—China set up a new state-owned aircraft engine maker to help fulfill ambitions to develop homegrown aerospace giants and become a major player in global aviation.

In remarks published Sunday by state media, President Xi Jinping described the creation of Aero Engine Corp. of China, or AECC, as a "strategic move" that would accelerate the development of indigenously made jet engines and thereby boost national prestige and...
To Read the Full Story, Subscribe or Sign In