Boeing CEO says China to continue to be U.S. major market, partner (2)

09:01, May 27, 2010      

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"That Boeing 707 is truly the game-changing airplane of its time. China ordered ten Boeing 707 jetliners soon after the visit, setting in motion a tremendously productive relationship between a company (Boeing) and a country (China) - a relationship that continues today and in many ways has become symbolic of the four decades of cooperation between our two nations," McNerney said.

When talking about the significant changes in China, McNerney said, "One of the most important changes in China that I have witnessed - the rapid growth in personal incomes. A growing middle class in China is dramatically reshaping the country' s domestic economy and has global economic impact too."

Regarding Boeing's growing business with China, the CEO exclaimed, "China has bought more than any country in the world (except the U.S.). It has a total of 1,560 airplanes (almost 53 percent of them are Boeing airplanes), and the average age of these planes is just six and a half years - meaning that China also has one of the youngest fleets in the region."

Commenting on the relationship between China and the United States, he noted, "I believe the U.S and China are already interdependent and growing more so every day. In fact, our interdependence with China is key to the U.S. achieving President Obama' s goal of doubling America's exports over the next five years - an increase projected to support two million American jobs at a time when we really need them."

"I expect that the U.S.-China relationship will always be complex, but that global interdependence in business will help keep both nations motivated to work out their differences constructively," he added.

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