In the News
China Enters the Global Aircraft Engine Market
![](https://tutor2u-net.imgix.net/user-photos/host-jimriley.png?auto=compress%2Cformat&crop=focalpoint&fit=crop&fp-x=0.5&fp-y=0.5&h=100&q=80&w=100)
30th August 2016
Watch out General Electric, Pratt & Whitney and Rolls Royce. The Chinese have decided to start making aircraft engines.
![](https://tutor2u-net.imgix.net/subjects/business/blogimages/blog-bus-china-aircraft-maker.png?auto=compress%2Cformat&fit=clip&q=80&w=800)
The BBC reports here that a new company has been formed with the assistance of the Chinese government in order to target the global aircraft engine manufacturing market.
The company has been named Aero-Engine Group of China and has $7.5bn of initial capital invested, including the backing of the government for whom this is an important strategic investment.
The Chinese government’s overhaul of state-owned enterprises to push Chinese products and services up the value chain has prioritised aircraft engines, high-speed rail and nuclear power as areas in which it wants China to excel in global markets.
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