Tuesday, 13 November, 2018

Boeing to deliver 2000th airplane to China - USA

AFP  Wang Zhao AFP Wang Zhao
Jeannette Daniel | 09 November, 2018, 00:58

China has become a key hunting ground for foreign aviation firms to do deals thanks to surging travel demand, but its trade relations with other countries have been tested by its ambitions to grow its own champions in industries such as aviation.

Its ties with the United States have specifically been stressed.

Xu said most of China's growth in aviation was a result of the expanding middle class, who would suffer from rising unemployment and reduced global commercial ties should the current trade war intensify.

George Xu, the best China official at Boeing's greatest adversary Airbus, said at a news meeting that the European planemaker did not expect a business fortune from the strains. "Nobody will be the victor of this kind of trade war".

Boeing has delivered 153 airplanes to Chinese airline companies in the first three quarters of 2018, said Rick Anderson, Boeing vice president of Northeast Asia sales.

"We continue to engage with U.S. government officials and to urge for productive conversations", said John Bruns, chief executive of Boeing China.

"We are optimistic for a quick solution".

More news: Springboks coach Rassie Erasmus trolls with high tackle video

The comments also came at a time when the U.S. and China made a decision to resume a stalled security dialogue, which will now take place on Friday.

Still, Beijing has shown little sign of taming its ambitions to catch up with rivals like the United States, France and Germany in high-end technology.

China and Russian Federation have showcased a real-size model of a jointly designed wide-body passenger plane for the first time at an airshow in southern Guangdong province today.

Boeing estimates the Chinese market for civilian aircraft to reach 7,690 jets worth US$1.2 trillion over the next two decades.

Widebodies account for around 20 percent of projected global jet deliveries over that period but nearly 40 percent by value.

Beijing's fifth-generation stealth fighter participated in a variety of aerial maneuvers and simulated dogfights at an air show in China Tuesday.

China put the J-20 into service a year ago that experts say is a part of Beijing's plan to narrow a military technology gap with the United States and its F-35 stealth fighter.

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