Paris, France ● Mon, June 21 2021
While the United States and Europe waged a 17-year trade battle over subsidies to Boeing and Airbus, China poured money into its own commercial aircraft to take on the Western aviation duopoly.
It took a common threat for the US and Europe to finally put an end to their dispute this past week, as the two sides signed a five-year truce suspending tit-for-tat tariffs.
US President Joe Biden made it clear during his visit to Brussels on Tuesday: Washington and Brussels must “work together to challenge and counter China’s non-market practices in this sector that give China’s companies an unfair advantage”.
For the past four years, state-run manufacturer Commercial Aircraft Corporation of China (COMAC) has run test flights for its 168-seat, narrow-bodied C919 airplane, a potential rival to Airbus’s A320 and Boeing’s B737.
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Behind Airbus-Boeing truce lies a common rival: China have 429 words, post on www.thejakartapost.com at June 21, 2021. This is cached page on Asean News. If you want remove this page, please contact us.