It is the first time that China has expressed interest in the Boeing's new 787's competition.
Additionally, China dug into its deep pockets and signed a letter of intent to buy 500 "Co-Co" triple axle locomotives. Is that a Co-Co Loco? Sorry.
That deal is worth an estimated $1.5 billion.
China's Guangdong Nuclear Power Plant signed a deal with the French National Energy Grooup (EDF) on nuclear power production, plant construction and project development.
The China Datang Corporation signed a similar agreement.
France gets some 80% of their power from nuclear plants...so, it seems that if you want to buy a nuclear power plant, that's the place to shop.
It appears that China is becoming more and more of a shopper instead of just a factory. That can be good news all around.
At least France thinks so, for now.
What do you think?
I think the US will be a loser in the big China market, just because the bad Bush government's relationship with China. And they seem to be nerds in dealing with the Chinese. As a consequence, European companies will finally outcompete their opponents, American companies, in China.
Posted by: Tony | October 28, 2006 11:42 PM | Permalink to Comment