Boeing, China Swap Jet Deals as Xi's Visit Underscores Stakes
- Ties date to Nixon's 1972 trip in a 707 to thaw relations
- Boeing gets a $38 billion jet order; China gets a factory
China, Boeing Ink Two Deals During Xi Visit
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In a display of give and take, Boeing Co. unveiled its largest industrial investment in China and landed $38 billion worth of jet orders and commitments from Chinese carriers and lessors as the country’s president visited Boeing’s main factory.
Wednesday’s announcements, which came during Xi Jinping’s first state visit to the U.S, underscored the intertwined interests of the world’s largest planemaker and an aviation market on track to soon become the world’s biggest.