China has formally launched an aeronautics-engine company in Beijing. Chinese President Xi Jinping says the establishment of the China Aviation Engine Group will help develop China’s aviation industry, strengthen its national defense, and the nation’s overall prosperity. Xi expressed his hope that the company can help make China an aeronautics world power. Chinese Premier Li Keqiang said the company will play a pivotal part in China’s equipment manufacturing industry and called its establishment “highly significant” for China’s national aviation goals.
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