China Says Willing to Help Airbus Deepen Presence in Nation
Comment of the Day

April 05 2023

Commentary by Eoin Treacy

China Says Willing to Help Airbus Deepen Presence in Nation

This note may be of interest. 

China is willing to maintain close communication with Airbus and help it deepen its China presence, Zheng Shanjie, head of the National Development and Reform Commission, told Airbus Chief Executive Guillaume Faury during a meeting in Beijing, according to an NDRC statement.

China will provide broad opportunities for Airbus and other multinational companies to develop in the country: Zheng.

Separately, Civil Aviation Administration of China chief Song Zhiyong also met with Faury in Beijing, according to a statement.

They exchanged in-depth views on Airbus’ business development in China and strengthening cooperation in aviation safety, airworthiness certification, green development, digital transformation.

Eoin Treacy's view

Vladimir Putin incorrectly concluded European countries could be bullied into submission. They should really have paid attention to China, who long ago concluded it was much easier to buy European cooperation. It remains to be seen how much longer that policy will be successful.  

Less than week after Airbus announced it is negotiating a large order, France’s President Macron vocally expressed support for China’s role in negotiating peace in Ukraine. It is quite likely Airbus will benefit.

The posturing does not imply a large order will be forthcoming. China delivered its first C919 to China Eastern Airlines in December. The whole purpose of developing the plane was to subvert demand for Airbus and Boeing’s products.  

Airbus is currently pausing at the upper side of its short-term range.
Boeing has been ranging, mostly below the 1000-day MA, since January and it is currently easing back from the upper boundary. 

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