China considers a 16 billion program to develop high performance jet engines
From
China has failed to build a reliable, high-performance jet engine to end its dependence on Russian and Western makers for equipping its military and commercial aircraft. Aviation Industry Corporation of China (AVIC), the country’s dominant military and commercial aviation contractor, is hopeful the government will back a multi-billion dollar plan to build a high-performance engine. China is evaluating a 100 billion yuan ($16 billion) plan to galvanize a disjointed and under-funded engine research effort, aviation industry officials say.
AVIC, a Beijing-based giant, with more than 400,000 employees and 200 subsidiaries including 20 listed companies, has already set aside about 10 billion yuan of its own funds for jet engine development over the next three years.
So China has copied advanced jet airframes (the bodies of the planes) and has the electronics, but they do not yet have good jet engines.
It will likely take China over $100 billion and 10-15 years to catch up in jet engines.
See more and subscribe to NextBigFuture at 2012-11-11 01:01:56
Source: http://nextbigfuture.com/2012/11/china-considers-16-billion-program-to.html
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