The Beijing government has launched is own state-owned aircraft engine maker called China Aero-Engine Group so as to develop native aerospace technologies, starting with a $7.5bn investment and 96,000 employees. Loading ... This puts it in direct competition with General Electric's second-largest business and most profitable division, GE Aviation. In the past few years, China's aviation industry has been hit by several major disasters.
The Beijing government has launched is own state-owned aircraft engine maker called China Aero-Engine Group so as to develop native aerospace technologies, starting with a $7.5bn investment and 96,000 employees. This puts it in direct competition with General Electric's second-largest business and most profitable division, GE Aviation. In the past few years, China's aviation industry has been hit by several major disasters.