China's national aviation manufacturer has launched a long-term plan spanning until 2030 to develop advanced aviation engines.
Senior executives of Aviation Industry Corp of China claim they have set aside 10 billion yuan ($1.6 billion) for the first phase of the three-part plan, which will fund the research and development of engines until 2015.
"Our aviation engine operation consists of four parts, which means when we are manufacturing the current engines, we also actively develop next-generation engines and explore the technologies of more-advanced ones," said Zhang Jian, deputy general manager of AVIC Engine Holdings.
"The United States has been striving to make sure it leads by at least 20 years in the aviation engine industry. For us, the company has made a comprehensive plan through 2030, including the technological targets we shall have achieved by that year and the amount of money we will possibly invest," Zhang told China Daily on the sidelines of the Ninth China International Aviation and Aerospace Exhibition, also known as Zhuhai Airshow, which runs from Tuesday to Sunday in Guangdong province.
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