Huge Growth in China’s Aircraft Industry Is Flying Under the Radar

• Let’s discuss Lyn Alden’s thought provoking Tweets on China’s aircraft industry.

• United States Top 10 Exports

  1. [Petroleum Products] Mineral fuels including oil: US$378.6 billion (18.4% of total exports)
  2. Machinery including computers: $229.6 billion (11.1%)
  3. Electrical machinery, equipment: $197.7 billion (9.6%)
  4. Vehicles: $134.9 billion (6.5%)
  5. Aircraft, spacecraft: $102.8 billion (5%)
  6. Optical, technical, medical apparatus: $99.1 billion (4.8%)
  7. Gems, precious metals: $92.5 billion (4.5%)
  8. Pharmaceuticals: $83.5 billion (4%)
  9. Plastics, plastic articles: $83.3 billion (4%)
  10. Organic chemicals: $51.1 billion (2.5%)

  The above list represents 2022, from United States Top 10 Exports

  Biden Policy Impact

  • Biden energy policies would kill #1, and curtail # 9 and #10. 
  • Bidens restrictions on sensitive machinery and chips will reduce #2, #3, #5, and #6 exports to China and Russia.

  China itself seeks to curtail #4 and #5. What remains are gems, precious metals, and pharmaceuticals.

• The misses reinforce how simmering US-Sino political tensions continue to complicate the deal making landscape for Boeing, which is also still waiting for its 737 Max to fly again in China.

• The announcement came as part of a state visit by French President Emmanuel Macron to China.

• Talk is cheap and there is plenty of talk.

• On April 1, I commented Brazil’s President Calls for End to US Dollar Trade Dominance, So What?

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