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China's first home-developed large passenger aircraft C919, seen in blue and green livery and built in Shanghai, rolls off the newly-built final assembly line, Nov 2, 2015. [Photo/IC] |
BEIJING - China set up a new state-owned enterprise (SOE) specializing in developing aircraft engines, the country's top SOE regulator announced Wednesday.
The State-Owned Assets Supervision and Administration Commission of the State Council (SASAC) will provide capital for the new company, according to a statement from SASAC.
Aircraft engine is among the major science and technology projects listed in China's 13th Five-year plan (2016-2020).
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