Boeing opens first 737 plant in China amid U.S.-Sino trade war
By Josh Horwitz
ZHOUSHAN, China (Reuters) - Boeing Co opened its first 737 completion plant in China on Saturday, a strategic investment aimed at building a sales lead over arch-rival Airbus in one of the world's top travel markets that has been overshadowed by the U.S-China trade war.
The world's largest planemaker also delivered the first of its top-selling 737s completed at the facility in Zhoushan, about 290 km (180 miles) southeast of Shanghai, to state carrier Air China <601111.SS><0753.HK> during a ceremony on Saturday with top executives from both companies.
The executives, alongside representatives from China's state planner and aviation regulator, unveiled the plane at an event attended by hundreds of people.
Boeing and Airbus have been expanding their footprint in China as they vie for orders in the fast-growing aviation market, which is expected to overtake the United States as the world's largest in the next decade.
Boeing invested $33 million last year to take a majority stake in a joint venture with state-owned Commercial Aircraft Corp of China (COMAC) to build the completion center, which installs interiors and paints liveries.
Chicago-based Boeing calls itself the top U.S. exporter and delivered more than one out of every four jetliners it made last year to customers in China, where it forecasts demand for 7,700 new airplanes over the next 20 years valued at $1.2 trillion.
However, the plant's inaugural ceremony was overshadowed by tensions between the United States and China as they engage in a bruising tit-for-tat tariff war. The world's two largest economies are in a 90-day detente to negotiate a trade deal.
"Am I nervous about the situation? Yeah, of course. It's a challenging environment," John Bruns, President of Boeing China, told reporters on a conference call earlier on Saturday.
"We have to keep our eye on the long game in China. Long term, I'm optimistic we will work our way through this," he said.
While the trade frictions have hurt businesses such as U.S. soy bean farmers and Chinese manufacturers, their impact on Boeing has been unclear. U.S.-made aircraft have so far escaped Beijing's tariffs.
Bruns said he remained optimistic about the outcome of trade talks between the United States and China and described aviation as a "bright spot" amid tensions between the two countries.
Asked about the possibility of technology transfer agreements between Boeing and COMAC, Bruns stressed that the purpose of the plant was for installing seats, painting vehicles, and completing the planes' final delivery.
"That's only a part of what we do in the production of airplanes," he said.
Officials and executives made no direct reference to the trade tensions in public remarks at the planemaker's Zhoushan facility.
Boeing aims eventually to hit a delivery target of 100 planes a year at Zhoushan, although Bruns deflected a question on how quickly it would reach that level and said Boeing had no plans to expand work to other aircraft types.
Boeing also hopes the plant will relieve pressure at the Seattle-area facility where it plans to boost production next year of its best-selling 737 narrowbody aircraft but has struggled with production delays.
译文来源：三泰虎 http://www.santaihu.com/46694.html 译者：Jessica.Wu
Democracy ExporterDemocracy Exporter19 hours ago
Congrats to president Trump for creating jobs in China and make China great again.
Trupador18 hours ago
Not surprised at all. We are now officially second class country thanks to corporate America. The US became an economic colony of China.
Warren14 hours ago
All these companies that we think of as belonging to our country, Apple, Google, Tesla or whoever, are looking at the forecasts and seeing a huge consumer market in China within the next couple of decades. They want in on that market, no matter what, even if they are stolen from. When the US consumer market stops being important because China has a consumer market two or three times larger, US hegemony on economics will be pretty much over.
Juan Tutri16 hours ago
One thing that so many people are not looking at is how China will eclipse the US in consumer and industrial spending in the next fifteen years. Most industries and financial institutes realize this and are making their long range plans to meet the new world order in economic power. Maybe it is time that we face facts also and plan for a different future instead of telling ourselves how great we are and clinging to that fantasy.
MgkDrgn16 hours ago
Beginning of the end for Boeing, the last great US commercial aircraft maker.
al18 hours ago
It's a just a matter of time when America fighter jets are going to start being built in China and it will be all over for American technology.
Mingo16 hours ago
Now Trump is going to blame Chinese for stealing Boeing not American company Boeing because they donate for him. LOL
I think no one has ability to force Boeing to go there if they don't want.
Adal19 hours ago
Now Chinese can copy American technology and in five years make copy of Boeing planes
Philip18 hours ago
BAD MOVE BOEING
Ray16 hours ago
More tech transfers to China.