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Chinese markets decline as Beijing gives details on US talks

2019-09-17 06:40 am | Resource: News | No Views : 45

Chinese markets decline as Beijing gives details on US talks

Chinese markets fell on Tuesday, but some markets in the Asia-Pacific region were higher, as geopolitical concerns overshadowed markets after oil prices rose the previous day. At the same time, Beijing announced that trade negotiations with the United States would take place at the "vice ministerial" level, with the Chinese delegation led by Liao Min, Washington's deputy finance minister. The talks are expected to start later this week.

 US President Donald Trump said his country had reached a trade deal with Japan, but Tokyo officials were keen to point out that nothing had been signed as Japan was looking for assurances that Washington would not impose more tariffs on Japanese cars.
  • The dollar was steady against the yen at 7:42 pm CET, gaining 0.03% to hit $ 108.1700.

Boeing expects strong demand from China over the next 20 years

In another option, the company's vice president of commercial marketing, Randy Tinseth, said on Tuesday that she expects demand for new aircraft and services in the Chinese aviation market will rise in the next 20 years, adding that traffic in the aviation sector will see a 6% increase every year to a year. 2038.

He noted that Chinese airlines will look to invest about $ 1.3 trillion in new aircraft for 9090 new aircraft in the period. Speaking in Beijing, Tenceth stated that Chinese demand will mostly include single-aisle planes, 5960 of which, while the number of wide-body aircraft in the country is rising by more than 30% through 1,780 new wide-body aircraft. In addition, China has a $ 1.6 trillion aviation services market, according to Boeing, with expected investments in ground and cargo operations, maintenance and engineering services, on-board operations, as well as marketing, customer support and corporate services.

Earlier this month, China Airlines and Boeing announced a $ 2.1 billion deal for six 777 cargo planes. China is seen as the world's largest aviation market for the next three to six years, according to the International Air Transport Association (IATA). Currently, the United States holds this position.

Asian shares trading
  • The Shanghai Composite fell 1.31% at 7:37 CET
  • The Shenzhen Composite Index fell 1.82% at 7:39 CET.
  • Hong Kong's HTSENG lost 1.52% at 7:28 CET.
  • The Nikkei 225 was steady, rising 0.07% at 7:40 am CET,
  • The Kospi rose 0.07% at 7:41 am CET.
  • The S&P / ASX 200 rose 0.12% at 7:42 am CET.


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