Boeing bags bonanza aircraft deal with Beijing

Chinese President Xi Jinping, center, addresses a U.S.-China business roundtable, comprised of USA and Chinese CEOs, Wednesday, September 23, 2015, in Seattle. With the USA one year away from the next presidential election, the president needs to show he will not back down from China so as to give Republicans room to question the Democratic Party’s resolve in foreign affairs.

Despite the warm words Xi faces deep scepticism within the powerful American business industry, from USA employees at Boeing now fearing for their jobs to accusations Beijing is not doing almost enough to protect the intellectual property rights of U.S. companies.

Mark Zuckerberg, the chief executive of Facebook (a company essentially blocked from doing business in China by Internet regulators) spent about a minute speaking to Xi in Mandarin.

Paulson noted the hard issues and increasing tensions facing the nations as he welcomed Xi.

Activity may have been weighed down by temporary factory closures and a two-day national holiday for a military parade in Beijing in early September, analysts said.

In a major policy speech Tuesday, Xi said China was open to more cooperation with the USA on preventing cyber attacks.

If American political candidates have a favorite punching bag, it’s China.

The contrasting receptions illustrate the intricate and vastly complex relationship between the USA and China.

Xi called for a reduction in limits on what American companies can sell in China. Chinese executives expressed hope that USA companies would continue to push into the world’s No. 2 economy.

The claims came ahead of the arrival of Xi and first lady Peng Liyuan in Seattle on Tuesday at the start of the president’s four-day state visit to the U.S. The event was hosted by the Paulson Institute and the China Council for the Promotion of global Trade.

He also expressed a willingness to work with the USA on cybersecurity. The representatives from the Chinese firms in attendance (which have a combined market cap of $1 trillion) include Alibaba’s CEO Jack Massachusetts, Lenovo’s CEO Yang Yuanqing, the head of Baidu, Robin Li, and Massachusetts Huateng, the CEO of Tencent.

Referring to issues that cannot be resolved now, Xi said, “We should manage them in a constructive way, make sure that they are not exacerbated or escalated, and prevent them from derailing the overall relationship of the two countries and cooperation that has served our two peoples so well”.

Xi Jinping’s first state visit to the U.S, underscored the intertwined interests of the world’s largest planemaker and an aviation market on track to soon become the world’s biggest. He name-checked Amazon, Cisco and Apple in noting the opportunities.

The deals, worth about $38 billion, were signed during Chinese President Xi Jinping’s visit to the United States. It would represent a shift in the United States giant’s strategy in the crucial market, where European rival Airbus already has a final assembly operation for medium-range Airbus 320 aircraft in the northern port city of Tianjin, and plans to open a new completion and delivery centre for long-haul A-330s.

China has achieved extraordinary economic growth in the last several decades. Its location within China has not yet been disclosed.