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Aviation Industry Corp . of China $ 65.5mn
Jumping 10 places in the latest Fortune list , Aviation Industry Corp . of China ( AVIC ) is now ranked in 151st place , while its revenues are up 10.6 %. Employing more than half a million people , AVIC has 30 subsidiaries , eight of which are listed in Hong Kong and overseas . The genesis of the corporation goes back to the establishment of the Ministry of Heavy Industry ’ s Bureau of Aviation in 1951 . AVIC manufactures fighter planes , passenger aircraft , civil helicopters and commercial road transportation .
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