Engine firm to boost the aviation industry

China has established a State-owned conglomerate to develop aircraft engines, a move that experts say will extensively boost the country's aviation industry.

The State Council appointed Cao Jianguo, 52, as chairman of the newly founded Aircraft Engine Corp of China, on Wednesday. He is a former general manager of China Aerospace Science and Industry Corp.

Li Fangyong, 53, formerly deputy general manager of Aviation Industry Corp of China, has been appointed general manager of the new company, according to a statement released on Thursday by AVIC, China's largest manufacturer of aircraft.