Boeing
Boeing is a multinational American company that designs, manufactures and sells aircraft, rotorcraft, satellites, and telecommunication equipment. The headquarters of the company are in Virginia, US.
- History: Boeing has always had a strong relationship with China since 1972. It was introduced to China when American President Richard Nixon visited China.
- Current scenario: Over the last three years, China has taken delivery of every one of the four airlines. It holds more than 50% of the share market in China. Trips of passengers have increased up to 16%. A new project for 7,240 aircraft has been given to Boeing China valued over $1.1 trillion.
List of American Companies in China
Some American companies having a large customer base in China are Apple, General Motors, Nike, Walmart, Microsoft, KFC, Starbucks, Adidas, and Coca-Cola. The list is long and the question is why the Chinese market is an attraction for American Companies to expand their business. The reason could be the huge population of China which was 667 million back in the 1960s and doubled in 2010 and now it is 1.4 billion.
The growth of the population was in such a way that an increase in middle-class people was seen. This huge increase was seen as An increase in consumers for the goods and skilled labourers for the American Companies to be set up. One of the reasons could be the policies of the Chinese government to attract such companies.