According to foreign media reports, Boeing of the United States has received an important approval from China's aviation regulator. Boeing confirmed that it had delivered its first 787 Dreamliner of 2019 directly to China. The move is expected to accelerate the end of China's suspension of Boeing 737 MAX deliveries. Boeing's sales to China have fallen sharply as Boeing's sales in China have been hit hard against the backdrop of deteriorating relations between China and the United States, and it has not received any orders from China since 2017. Chinese airlines have a wide range of options to choose from, such as 292 Airbus planes ordered in July last year, and the Chinese side is not just working with Boeing. However, Boeing had previously estimated that China would account for about 20% of global aircraft demand over the next 20 years, and that Chinese airlines would need 8,560 new commercial aircraft by 2042.
Boeing's cooperation with China will not only solve the current dilemma, but also benefit more in the future. This shows that the United States has asked for help from China, and China has also made concessions. However, what is worrying is that although we have just finalized an aircraft order with Boeing, Biden** plans to increase tariffs on some products in China. According to foreign media reports, the United States ** recently discussed tariffs on Chinese goods worth about $300 billion, especially tariffs on Chinese electric vehicles. The U.S. Congress argues that some U.S. automakers are exporting cars made in China to the U.S., indicating that the current import tariffs are not sufficient. They argue that raising tariffs on Chinese electric vehicles and other products would reduce U.S. dependence on the Chinese economy and protect the U.S. green energy industry.
However, some believe that the United States, under the pretext of security, is actually pursuing "America First", which essentially reflects American hegemony. China's spokesman Wang Wenbin stressed that the so-called new regulations recently issued by the United States are an upgraded version of "American-style protectionism", and China firmly opposes and urges the United States to maintain a fair order and provide a fair business environment for enterprises from all countries. The Chinese side said that it will closely follow up the follow-up situation and take measures to safeguard its legitimate rights and interests when necessary. China's position is clear: if the United States unilaterally undermines China-US economic and trade cooperation and intentionally harms the interests of Chinese companies, China will also take corresponding countermeasures. It is worth noting that in less than 24 hours, China has made adjustments to exports in key areas, taking direct countermeasures against the United States.
According to the official notice of the Ministry of Commerce, the Ministry of Commerce and the Ministry of Science and Technology jointly announced that the export of some rare earth processing technologies will be banned. Rare earth is a strategic metal, mainly used in the defense industry, scientific and technological products and other fields, such as the manufacture of tanks, aircraft, missiles, chips, etc. China is the world's largest rare earth processor, accounting for 90% of global smelting output. As a result, it is widely believed that the ban is expected to have a significant impact on the production of heavy rare earths, even as the United States and Western countries have begun to work to develop their own rare earth processing operations. However, there is an argument that, according to the U.S.**, China's move may be aimed at hampering efforts to develop the rare earths industry outside of China.
China's spokesman Wang Wenbin made it clear that some of the restrictive measures are specific measures and routine adjustments for China to adapt to changes in the technological development situation and improve technological management, aiming to create positive conditions for international economic cooperation. Compared with the United States, China's ban not only does not target other countries, but also supports and helps the least developed countries to accelerate their development, and implements tax reductions and preferential tax rates for some countries. Therefore, who is destroying the international market, countries know very well.