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You are here :Trade topics > Trade in Services > Trends China sets up new SOE to develop aircraft engine
By:Xinhua Update:2016-07-14
BEIJING, July 13 -- 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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