Boeing to Open Its First 737 Plant in China Under Shadow of a Trade War
(Bloomberg) -- Boeing Co. is poised to open its first 737 finishing plant in China, underscoring the company’s commitment to the world’s largest aircraft market amid simmering trade tension.
The Chicago-based planemaker will inaugurate its completion and delivery center in Zhoushan, 90 miles southeast of Shanghai, on Saturday, after more than a year of construction. The facility marks a rare industrial foray outside of the U.S. for Boeing and a joint venture with state-owned planemaker Commercial Aircraft Corp. of China Ltd.
While the plant was sent in motion before U.S. President Donald Trump was elected, the ribbon-cutting risks being overshadowed by his tit-for-tat on duties with China on products ranging from cars, machinery to pork and soybeans. A three-month truce announced earlier this month has been under threat since the arrest of Huawei Technologies Co.’s chief financial officer in Canada after the U.S. sought her extradition on allegations of violating Iran sanctions.
The Zhoushan facility, with roots on both sides of the Pacific, is emblematic of the balancing act for Boeing in China. The planemaker’s ties date to President Richard Nixon’s 1972 arrival in China aboard a Boeing 707. Chinese workers at the new plant will put the finishing touches on U.S.-built planes flown over from a Seattle-area factory, before delivering them to local customers.
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