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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding -- Ignore unavailable to you. Want to Upgrade?


To: Elroy Jetson who wrote (2117)3/19/2019 12:35:05 AM
From: elmatador  Read Replies (2) | Respond to of 13775
 
Boeing opens first 737 maquiladora plant in China amid U.S.-Sino trade war

Just for the old horse to refuse to tro again

Definition of maquiladora

: a foreign-owned factory in Mexico at which imported parts are assembled by lower-paid workers into products for export

ZHOUSHAN, China (Reuters) - Boeing Co ( BA.N) opened its first 737 completion plant in China on Saturday, a strategic investment aimed at building a sales lead over arch-rival Airbus ( AIR.PA) 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.