Does Boeing want to “renew” the Sino-US economic and trade agreement? As a result of a series of safety incidents, Boeing’s civil aviation orders in the United States have shrunk sharply in the past year, sales have been dismal. But U.S. media have revealed that the company is counting on a new until the first phase of the U.S.-China economic and trade agreement to reopen the situation in the Chinese market.
U.S. and Chinese leaders reached a first-order economic and trade agreement earlier this week, and Boeing CEO Mark Calhoun issued a statement thanking the two leaders for creating a fair and mutually beneficial economic and trade relationship between the two countries, Forbes magazine reported Wednesday. Mr Calhoun also said Boeing was ready to “take orders”, saying: “We are proud that Boeing has been in this valuable partnership with China for nearly 50 years.” “
U.S. media said the agreement showed China would buy and import large quantities of U.S. products in 2020 and 2021, and that Boeing was likely to get “bulk orders” given that jets account for the largest share of U.S. exports to China. Yahoo News said the agreement would “save” Boeing, while industry insiders said it would make “expensive products” for China to buy.
However, China Aviation Equipment Group Co., Ltd. has started large-scale aviation facilities procurement talks with European Airbus in 2019 for the new five-year development plan, bloomberg reported Wednesday, citing people familiar with the matter. That means Boeing and Airbus are at least “several months behind” in a new round of competition in China. In addition, Boeing’s products themselves have some hard injuries. Until early 2020, the Boeing 737 MAX continued to reveal new problems, such as circuit risks and software failures, according to Forbes. Forbes predicts that by all these problems, the U.S. aviation industry may have a few years to enjoy China’s cake.
According to the U.S. “Green Technology” news website reported that in addition to Boeing, the United States REC advanced silicon materials companies and other enterprises are also stepping up research on the economic and trade agreementbetweenbetween the two countries, trying to clear the business opportunities. Polysilicon is an important material for solar cells, and U.S. polysilicon manufacturers have suffered heavy losses in exports to China because of u.S. tariffs on Chinese solar cell products. With the signing of the China-U.S. Economic and Trade Agreement, the relevant enterprises are particularly looking forward to China’s “large-scale purchase” of polysilicon. U.S. polysilicon stocks are said to have surged after the agreement was signed. But what makes these companies “tangled” is that the agreement between the two countries will be polysilicon and cars, steel and other exports to China “binding” together, so it is not clear how much China will be in the procurement of such products, let alone how china will deal with the tariff issue.