With the upgrading of the Sino -US trade war, Hu Xi, the editor -in -chief of the China Global Times, posted on Twitter on Monday (13th) that China may stop purchasing American agricultural products and energy, reduce the Boeing aircraft orders, and restrict the US and China servicestrading.
In addition, he also said that many Chinese scholars are discussing the possibility of dumping US Treasury bonds and how to achieve this.
According to Bloomberg, after Hu Xijin issued the above tweet, Boeing's stock price fell to the lowest closing position in four months.
This tweet and fierce market response highlight the threat of Sino -US trade friction to the largest exporting company Boeing company in the United States.The aircraft manufacturer headquarters in Chicago has not yet become the target of tariff revenge in the Chinese government; except for Boeing, China has almost no alternative options to meet the needs of rapid development of the aviation industry.China is the world's largest 737 aircraft market, and this model is the main source of profit for Boeing.
It is reported that China has always carefully distributed aircraft orders between Boeing and its European competitors to maximize its limits; in addition to orders, China also has other ways to pressure Boeing.After a few hours after the Ethiopian Airfrontation accident on Ethiopia, before obtaining flight data and recording equipment, China was the first country to fly Boeing 737 MAX.
