Com­merce to get ‘open, con­nected’ bil­lion

China Daily (Canada) - - ACROSS AMERICAS -

rights speech in 1966.

Or­lins was not alone in hav­ing a glimpse of sound re­la­tions be­tween the world’s largest de­vel­oped coun­try and the largest devel­op­ing coun­try.

“China is enor­mously im­por­tant to our suc­cess as a com­pany and as a ma­jor US ex­porter,” said Ray­mond L Con­ner, vice chair­man of Boe­ing, the largest US ex­porter, in his speech at the event.

More than 50 per­cent of the com­mer­cial air­craft op­er­at­ing in China are Boe­ing air­planes, he said.

Boe­ing has fore­cast that in the next 20 years, China will de­mand 6,810 new air­craft with a to­tal value of about $1 tril­lion. This de­mand will make China the big­gest cus­tomer of Boe­ing com­mer­cial air­planes.

Chi­nese cus­tomers are ex­pected to take de­liv­ery of 30 per­cent of all Boe­ing’s top-sell­ing 737 models and about 25 per­cent of all air­craft pro­duced in Wash­ing­ton State and South Carolina, Con­ner said.

He said: “Ob­vi­ously, these de­liv­er­ies are very sig­nif­i­cant to the almost 76,000 Boe­ing em­ploy­ees who de­sign, as­sem­ble and sup­port our com­mer­cial air­planes.

“It’s also very sig­nif­i­cant to the 1.5 mil­lion peo­ple in jobs who are sup­ported through our sup­ply chain here in the United States, and also for the com­mu­ni­ties, where all these busi­nesses and peo­ple live and work across all 50 states.

“Clearly the Chi­nese avi­a­tion mar­ket con­tin­ues to grow, so we’re go­ing to con­tinue to see the num­ber of the US jobs at Boe­ing and through­out our sup­ply chain con­tinue to grow Con­ner joined Boe­ing in 1977, five years af­ter Pres­i­dent Richard Nixon’s ground­break­ing visit to China in Fe­bru­ary 1972.

“Just to give you a sense of the broader im­pact on the US econ­omy, de­liv­er­ies to China by Boe­ing sup­port ap­prox­i­mately 150,000 US jobs ev­ery year. That’s an in­cred­i­ble num­ber,” he said.

De­scrib­ing Boe­ing’s part­ner­ship with China as “amaz­ing,” Con­ner said a sound US-China re­la­tion­ship is “vi­tally im­por­tant to the world, cer­tainly to the United States and China alike.”

He said: “We are all stronger for work­ing to­gether through the years, and we cer­tainly look for­ward to the op­por­tu­ni­ties to con­tinue to strengthen, and cel­e­brate these ties that are so im­por­tant to our mu­tual suc­cess.”

Os­car Munoz, United Air­lines CEO, also echoed Or­lins’ and Con­ner’s con­fi­dence in the fu­ture of USChina re­la­tions.

“I see a fu­ture that is in­creas­ingly open, con­nected, col­lab­o­ra­tive and cre­ative,” he said. “That’s a fu­ture that is in­creas­ingly de­fined by win­win men­tal­ity rather than zero sum con­text be­tween closed mar­kets, and that has never worked, as for­mer US Sec­re­tary of State Henry Kissinger said, and never will work.”

United Air­lines, which now flies a to­tal of 100 weekly flights to six Chi­nese des­ti­na­tions — Bei­jing, Shang­hai, Hong Kong, Xi’an, Chengdu and Hangzhou — is for­mu­lat­ing strate­gies to meet the trav­el­ing needs of in­nu­mer­able peo­ple in China, Munoz said.

Sta­tis­tics from the Wall Street Jour­nal show that while Chi­nese in­vest­ment in the US was next to zero in 2006, it jumped to more than $20 bil­lion in 2015.

More than $5 bil­lion of Chi­nese in­vest­ments in the US were com­pleted in the first three months of 2016 alone, ac­cord­ing to the NCUSCR.

AP

Work­ers han­dle panes of glass at the Fuyao Glass Amer­ica plant in Moraine, Ohio. The plant serves as the Chi­nese com­pany’s North Amer­i­can hub for re­cy­cled glass man­u­fac­tur­ing. Fuyao Glass In­dus­try Group took over the closed Gen­eral Mo­tors fac­tory in Ohio and cre­ated 2,500 US jobs. the amount of Chi­nese in­vest­ment in the US from 2000 through to De­cem­ber 2015 em­ployed by more than 1,900 com­pa­nies that Chi­nese in­vestors have bought or cre­ated in the US from 2000-15

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