China asks For 20 More Airplanes
Not only did China place an order for 150 A320 Airbus aircraft, China also signed a letter with the intent of buying 20 A350XWB long-range wide-body aircraft as well.
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.
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