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Boeing's Bullish China Outlook Faces Trump's Trade War Headwind

  • Planemaker says China needs 7,690 new planes through 2037
  • An expanding middle class makes China a vital aviation market
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Trump, China Prep Next Steps as Trade War Tension Builds
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Boeing Co. painted an optimistic forecast for China, an aviation market soon poised to become the world’s biggest. The planemaker also needs to overcome a tit-for-tat trade war that President Donald Trump is ratcheting up.

The country will need 7,690 new planes worth $1.2 trillion over the next two decades, the Chicago-based planemaker said in Beijing Tuesday. That’s a 6 percent boost from its projections a year ago, as China’s middle class continues to grow and seek out air travel, according to Randy Tinseth, Boeing’s vice president of marketing.