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Rick Sanchez – Huge! China ready to dump Boeing

Summary:
The Trump administration has really upset China, which is now trying to become much more independent.China will soon be flying more planes than the US and Europe, so it will be a massive loss for Boeing and Airbus if China develops its own planes.Rick Sanchez says that Boeing is so linked to the US government that it is almost a state owned industry.China is Boeing’s top client country by far. But now China is getting ready to make their own planes, potentially disrupting the Boeing-Airbus duopoly on global airline manufacturing. RT America’s Michele Greenstein joins Rick Sanchez with the details. [embedded content]

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The Trump administration has really upset China, which is now trying to become much more independent.

China will soon be flying more planes than the US and Europe, so it will be a massive loss for Boeing and Airbus if China develops its own planes.

Rick Sanchez says that Boeing is so linked to the US government that it is almost a state owned industry.

China is Boeing’s top client country by far. But now China is getting ready to make their own planes, potentially disrupting the Boeing-Airbus duopoly on global airline manufacturing. RT America’s Michele Greenstein joins Rick Sanchez with the details.



Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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