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China launches state-owned aircraft engine maker
short by Vaibhav Gupta / on Monday, 29 August, 2016
China has merged smaller businesses with over 96,000 employees to launch a $7.5 billion state-owned aircraft engine maker, to focus on designing and testing aircraft engines, Chinese state-run media said on Sunday. Earlier, Chinese aircraft used engines made by Rolls-Royce​ among others. This reportedly is aimed at developing competitive Chinese products and services for international markets.
read more at Reuters