China quick to seize on Boeing's woes for its own purposes
Added 03-14-19 05:03:02pm EST - “China was the first nation to ground the Boeing 737 Max 8 after the horrific Ethiopian Airlines crash Sunday which killed over 150 people. The morning after the accident, Beijing issued its order to prevent the U.S.-made aircraft…” - Washingtontimes.com
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China was the first nation to ground the Boeing 737 Max 8 after the horrific Ethiopian Airlines crash Sunday which killed over 150 people. The morning after the accident, Beijing issued its order to prevent the U.S.-made aircraft from flying in its airspace.
The timing was no accident: China is taking full advantage of the tragedy in its bid to unseat Boeing as the world leader in aircraft production — and to harm American industry in the process.
The two recent crashes involving the Max 8 come at an inopportune time for the Trump administration, smack in the middle of intense trade talks designed to stop China from stealing American technology, manipulating its currency, and using the American market as a dumping ground for Chinese goods generated by the state’s misallocation of capital and production resources.
The Chinese would like nothing more than to crack Boeing’s hold on the commercial aircraft market and put to use all those stolen designs its cyber army has pilfered from the American aviation industry and defense establishment.
Meanwhile the trade negotiations drag on in Washington, with a possible meeting between President Trump and Chinese President Xi Jinping now reportedly put off until next month at the earliest.
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