China confirms order for 200 Boeing aircrafts

Boeing Order - China Plays Checkbook Politics

Boeing Order – China Plays Checkbook Politics

China has placed an order for 200 Boeing aircrafts at an estimated cost of $19 billion. According to officials in Washington, the US has signed export orders worth $49 billion (£29 billion) with China during President Hu Jintao’s USA visit, where Washington will try to ‘reset’ relations with China.

Boeing President Jim McNerney along with a host of American businessmen attended the Wednesday meeting between US President Obama and Chinese President Hu.

Jack Immelt of General Electric, Steve Ballmer and Lloyd Blankfein of Goldman Sachs were part of the delegation to attend the meeting.

Official spokesmen said that the deals will create an additional 235,000 jobs in the US and deals were signed in computer science, telecom and agriculture sector.

The other deals that were signed will benefit technology company Honeywell, nuclear equipment maker Westinghouse and construction equipment major Caterpillar.

The Boeing deal will also provide the much needed impetus the aircraft maker needed to compete with its arch-rival Airbus, which controls 52 percent market share and beat Boeing in new orders bagged in 2010.

Comments & Debate

  1. January 20, 2011 at 5:02 am Gary Commented:

    This will not cure the desease that is eating up the American economy.

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