Boeing announces $38bn in orders from China—not all of them new

Boeing announced on Wednesday it had received orders for a total of 300 aircraft from China worth an apparent listed value of around US$38 billion, Reuters reported. The order, made public during President Xi Jinping’s tour of Boeing’s Everett, Washington factory, includes some planes previously ordered but for which buyers had not been identified; the company declined to say how many planes had been previously ordered. The firm was also due to announce an agreement to build a 737 completion center in China to finish, paint and deliver aircraft built in Renton, Washington. The new factory was seen protecting market share rather than expanding it, said Richard Aboulafia, an analyst at Teal Group.