Monthly Archives: September 2015

by - 0 comments

How China is playing Boeing against Airbus to build its own airplane industry – Vox

https://cdn3.vox-cdn.com/thumbor/bx9_kx1RtCCmByYLmUpRvmGOTkM=/0x10:4218x2822/755x504/cdn0.vox-cdn.com/uploads/chorus_image/image/47255620/GettyImages-489703738.0.jpg

For the first time ever, Boeing is locating an aircraft production facility abroad — in China — as part of a bundled deal to sell 300 new planes to Chinese airlines and leasing companies. Companies moving production to China is an old story, of course, but Boeing isn’t just new to the Chinese market — this is the first time it’s ever built a factory abroad. That makes it a huge deal in the deeply politicized aviation industry, and many smell a link to the demise of the Export-Import Bank, since Boeing was the biggest beneficiary of its largesse.

Source: How China is playing Boeing against Airbus to build its own airplane industry – Vox

by - 0 comments

Profound changes in China are straining its economic ties with the U.S. – LA Times

After decades of ideologically based hostility, the United States and China found common ground on an economic relationship that, while bumpy, served the larger interests of both countries. But now, China is undergoing a rough transition, both economic and political. And that means difficult adjustments ahead for Washington and Beijing, setting the scene for Chinese President Xi Jinping’s first state visit to the nation’s capital Thursday. The recent crash in Chinese stocks and the government’s abrupt currency devaluation, which have sparked turmoil in global markets, are only the most dramatic signs of tectonic shifts that are occurring beneath the surface in the world’s second-largest economy and its most populous nation.

Source: Profound changes in China are straining its economic ties with the U.S. – LA Times

by - 0 comments

What If China’s Economy Is Even Bigger Than It Seems? – WSJ

Everyone thinks China’s economy isn’t what it seems. Barclays economists, for instance, recently calculated that China’s reported gross domestic product started going off kilter in early 2014. That 7% GDP growth last quarter was more like 5.6%, Barclays says. But what if China’s economy is actually a lot bigger than everyone thinks? That is the conclusion of a study by Daniel Rosen and Beibei Bao for the Center for Strategic & International Studies. And it shouldn’t be dismissed out of hand. Nor, though, should it be seen in an unabashedly bullish light.

Source: What If China’s Economy Is Even Bigger Than It Seems? – WSJ