150,000 Boeing jobs depend on China

Updated 2016-12-27 10:03:34 CRIENGLISH.com

Ray Conner, the Vice Chairman of U.S. aerospace giant Boeing, has reiterated the huge importance of China to his company.

CNN cites Mr. Conner as stating that 150,000 jobs at Boeing depend on contracts and orders with China.

Boeing executives are thought to be concerned about the rhetoric of U.S. President-elect Donald Trump. He has threatened to impose new tariffs on trade with China, which could well be self-defeating and harm businesses like Boeing.

Earlier in the week, we reported that one of Mr. Trump's tweets cost U.S. defence giant Lockheed Martin in excess of billion.

That's because the stock market was concerned about the financial implications to the company of Trump's proposed cost-cutting. As a result, Lockheed Martin's share price fell by around 4 percent.

Although China's domestic aircraft manufacturing industry continues to grow at a remarkable pace, the projected growth of demand over the next few years means that the country will buy as much as trillion worth of aircraft from Airbus and Boeing.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58November 19 2017 20:07:00

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16November 19 2017 20:07:00

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18November 19 2017 20:07:00

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords