Airbus, Boeing jostle for China friendship, and aircraft orders

China’s political leaders identified aerospace as one of 10 key industries in the country’s quest to become an advanced industrialised nation. Ahead of this weekend’s annual legislative session, Western planemakers -- their future competitors -- are helping them toward that goal. Airbus will break ground Wednesday on a finishing centre for its wide-body A330 jets in Tianjin, near Beijing, a decade after it opened an assembly facility there for single-aisle planes. Boeing also is seeking a location in China for a plane-completion facility. Opening plants in China, poised to become the world’s largest aerospace and air-travel market in 2 decades, is as much a political as an economic decision. One factor is proximity to customers: Chinese airlines order billions of dollars of planes from Airbus and Boeing every year. <br/>
Bloomberg
http://www.bloomberg.com/news/articles/2016-02-29/airbus-boeing-jostle-for-china-friendship-and-aircraft-orders
2/29/16