CA - Boeing: China's Ambitions Threaten To Impact The Stock
2024-07-09 09:50:15 ET
Summary
- China is on par with US technology, thus is able to manufacture high quality aircraft.
- China's emergence as a major player in the commercial aircraft market poses a threat to Boeing's dominance, especially in Asia.
- New aircraft that will challenge Boeing's dominance are in the pipeline.
Preamble
From my research, the notion that Chinese technology lags far behind that of the US is nothing more than a common-or-garden trope. Little wonder many have this idea since recent news reports highlight the US government's escalating efforts to restrict the export of advanced technologies to China. These restrictions encompass everything from cutting-edge manufacturing equipment by ASML to purposely downgraded chips from Nvidia, which I have covered in a previous article . Such news reports certainly lend support to the notion that China has quite a bit of catching up to do....
Boeing: China's Ambitions Threaten To Impact The Stock