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Aerospace & Defense

Chinese tycoon takes fresh aim at Soviet-era engine producer

Wang Jing enlists Ukrainian oligarch in latest bid to buy Motor Sich

MOSCOW -- A long campaign by mysterious Chinese businessman Wang Jing to take control of a leading Eastern European aircraft engine producer may be poised for a breakthrough.

Wang is best known internationally for securing rights from the government of Nicaragua in 2013 to develop a $50 billion canal project across the Central American country that was to rival the Panama Canal.

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