Trump Blacklisting Jolts Chinaâs Ambitions to Take on Boeing
By
January 15, 2021
(Bloomberg) A U.S. move to increase pressure on Chinese companies could threaten the nationâs ambitions to compete with Boeing Co. and Airbus SE.
The Trump administrationâs addition of Commercial Aircraft Corp. of China, better known as Comac, to a Defense Department list of companies with alleged Chinese military ties comes just days after a breakthrough in the state-backed jet manufacturerâs effort to win customers when an Indonesian airline agreed to buy its planes.
Read more: U.S. Targets Xiaomi, Cnooc in Trumpâs Late Anti-China Push