I think ingratiation of egos can happen on either side of the China debate. I would be wary of it
. And I do not think the PLA (or any serious security organization) is as motivated by pettiness as bored forum rascals like ourselves.
I think given what we know about the current state of the PLA's technological development (especially engines), I'm somewhat dubious that such a program has everything it needs to proceed just yet. There's also a problem of resource availability. AVIC is already very busy with the projects we do know about after all.
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