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Boeing finally realized that compromise was the only way forward. Due to the smooth commercial flight of C919 and the sanctions of the United States, Boeing has "no harvest" in China for three consecutive years. After losing the largest market share, the company fell into the dilemma of hundreds of billions of debts and the suspension of production of multiple models. Now, Boeing is eager to get a piece of the Chinese market to save the bankruptcy from collapse. According to the reference news network, Boeing has prepared for the resumption of 737 aircraft deliveries, and plans to set up a production and delivery base in Zhoushan, Zhejiang Province, which also means that part of the production line will be transferred to China.
Boeing has long refused to move production lines to China for fear of technology theft. However, now that they have made huge concessions, what are the signals behind this?
Before the deterioration of U.S.-China trade relations, Boeing was able to "make $500 billion" from the Chinese market, and more than 50% of the domestic civil aviation market was Boeing aircraft. However, with the loss of the Chinese market, Boeing faces a situation where several aircraft may be forced to shut down. This is a huge blow to Boeing, which once overwhelmed European Airbus and firmly dominated the global market.
Boeing's huge Chinese orders are eye-catching, and the decision to transfer production lines is even more noteworthy. The move not only means that Boeing is willing to put aside its past concerns, but also shows that they are aware of the importance of the Chinese market. As the world's largest civil aviation market, China has huge demand potential and strong manufacturing capacity. Boeing's choice to set up a production base in China is undoubtedly to better serve the Chinese market, and also to cooperate with local aircraft manufacturers to jointly promote the development of China's aviation industry.
Boeing's compromise has given people a lot to think about. Does it mean that China's technological prowess in the aviation sector has been recognized? Does it mark the rise of China's aviation industry? In any case, Boeing's move will undoubtedly have a significant impact on China's aviation industry and bring new hope for Boeing's own future development.
In short, in order to save the situation on the verge of bankruptcy, Boeing decided to transfer part of its production line to the Chinese market. This compromise not only means that Boeing attaches importance to the Chinese market, but also brings new opportunities to the Chinese aviation industry. As Boeing's production plans in China progress, we will closely monitor the progress of Boeing's cooperation with the Chinese aviation industry and the impact on the global aviation market landscape.