Boeing China Appoints New President With Chinese Origin Amidst Sino-US Tension: Report
Portfolio Pulse from Shivani Kumaresan
Boeing Co has appointed Alvin Liu, a Chinese-born executive, as the head of its China unit amidst ongoing Sino-US tensions. This move is significant as China accounts for about a quarter of global aircraft imports. Liu joined Boeing in 2022 from the auto industry. Boeing estimates that China will require 8,500 new airplanes and $550 billion in commercial services in the next 20 years. Both Boeing and Airbus SE now have China-born top executives for the region.
August 16, 2023 | 12:11 pm
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Boeing's appointment of a Chinese-born executive as head of its China unit could potentially improve its relations with China, a crucial market for the company.
The appointment of a Chinese-born executive could potentially improve Boeing's relations with China, which is a crucial market for the company. This could potentially lead to an increase in Boeing's stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Airbus SE, like Boeing, also has a China-born top executive for the region, which could potentially improve its relations with China.
Airbus SE, like Boeing, also has a China-born top executive for the region. This could potentially improve its relations with China, which could potentially lead to an increase in Airbus SE's stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50