China's Latest Military Industrial Firm

FINTS: New 50-billion-yuan aviation engine military complex erected
China has established its twelfth military industrial complex, the China Aviation Engine Group (CAEG), at the end of May, with a total registered capital of 50 billion yuan (USD 7.6 billion). This new entity will focus on the research, development, manufacture and sales of various types of military and civilian used aircraft engines.

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