Looking at Sino-US trade relations from globalization perspective -an interview with Boeing vice president

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Last updated at: (Beijing Time) Friday, December 05, 2003

Looking at Sino-US trade relations from globalization perspective -an interview with Boeing vice president

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The line between 'made in China' and 'made in the US' is gradually becoming vague, which indicates that people given up the old idea and learned to see the Sino-US relations from a globalization perspective, according to David Wang, vice president of Boeing Company and president of Boeing China.

In an exclusive interview with Xinhua, Wang said that whenever someone mentioned Boeing's endeavor in the normalization of Sino-US trade relations and preparation for China's entry into the WTO, Boeing always said that it is past tense.

"We need to view bilateral trade relations with a future perspective. It is good that more and more men of insight held the same idea before Chinese Premier Wen Jiabao kicked off his trip to four nations, including the United States," he said.

When addressing the imbalance of Sino-US trade relations, Wang repeated his point of view, for many who have the traditional idea, "made in China" and "made in the US" is obvious and simple.

When "made in China" products flooded into the United States, people tended to feel a trade imbalance. Actually few people will think many products emerged in North America were produced in China by multinational companies.

Boeing itself is a good example. Wang said some 3,300 Boeing airplanes still in operation have parts made in China. Chengdu, Xi'an and Shenyang can all be counted as having Boeing factories.

"For us, it can not only reduce production cost but also increase efficiency. When these "made in China" products were sold to the United States, American customers get biggest benefit," said Wang.

In the past two years, Boeing's production all over the world is shrinking, while in China it continued to grow at a rapid pace, say 15 percent in 2003 and will double next year. Boeing delivered26 aircraft in China this year, and signed orders for 35 airplanes, he said.

Last month, five Chinese airline companies signed agreements with Boeing to buy 30 new Boeing 737s, with the total cost reaching 1.7 billion US dollars.

"It is our second largest order this year," Wang said. "But compared with the potential of these five airline companies, it is not big enough, but only marked the starting point of a promising future."

With the continuous development of China's society and growing economic scale, it is easy to tell how exciting the aviation market will be in the future, he added.

According to Boeing's 2003 market prediction, China will becomethe fastest growing aviation market in the world. In the next 20 years, the average aviation growth rate will reach 7.1 percent, higher than the world average 5.1 percent. China will need 2,400 new aircraft, with total cost reaching 197 billion US dollars.

Wang said that by then, Chinese people might think, Boeing is also made in China.

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