China’s state-owned aero-engine group has started formal operations in an effort to develop domestic, high-tech businesses to compete in international markets. The new entity—China Aviation Engine Group—has a registered capital of CNY50 billion ($7.62 billion). Its stakeholders include the state-owned Assets Supervision and Administration Commission of the State Council, Chinese aerospace firm AVIC International Holding Corp. (AVIC), Commercial Aircraft Corp. of ...

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