#NetizensVoice
Evidence of two American companies aiding China
(04 May)While China has continually denied receiving any aid from the US to fight against COVID-19, evidence shows that IBM and Boeing donated resources as early as late January this year.
In an official statement on Weibo on 30 Jan, IBM declared a donation of 2 million RMB (US$280,000) to relevant organizations in China in support of efforts to combat COVID-19. It also made claims on ensuring the health and safety of its employees, clients, and the wider community. The company paid tribute to frontline medical personnel and offered words of encouragement to China and, specifically, Wuhan.
Outside of China, IBM has extended a helping hand to Latin America, Europe, South Korea, and the US in the form of data analytics to expedite the search for a cure, provide local information of confirmed cases and facilitate education from home.
On 29 Jan, Boeing announced a donation of 250,000 medical-grade respiratory masks to local health officials in Wuhan City, Hubei Province, and Zhoushan, Zhejiang Province. An additional 25,000 masks were provided to employees working in the region to date. The company stated that it prioritized the health and well-being of its employees and their families.
"Our thoughts continue to be with all those in China dealing with the health impacts related to the coronavirus," said Boeing President and CEO Dave Calhoun. "Through our donation, it is our hope that we can help limit the spread of this virus and ease the burden on local aid workers and medical personnel."
Sources: US Chamber Foundation,
Boeing Media Room, Sina Finance
#MedicialSupplies #Donation #China #US #IBM #Boeing
Evidence of two American companies aiding China
(04 May)While China has continually denied receiving any aid from the US to fight against COVID-19, evidence shows that IBM and Boeing donated resources as early as late January this year.
In an official statement on Weibo on 30 Jan, IBM declared a donation of 2 million RMB (US$280,000) to relevant organizations in China in support of efforts to combat COVID-19. It also made claims on ensuring the health and safety of its employees, clients, and the wider community. The company paid tribute to frontline medical personnel and offered words of encouragement to China and, specifically, Wuhan.
Outside of China, IBM has extended a helping hand to Latin America, Europe, South Korea, and the US in the form of data analytics to expedite the search for a cure, provide local information of confirmed cases and facilitate education from home.
On 29 Jan, Boeing announced a donation of 250,000 medical-grade respiratory masks to local health officials in Wuhan City, Hubei Province, and Zhoushan, Zhejiang Province. An additional 25,000 masks were provided to employees working in the region to date. The company stated that it prioritized the health and well-being of its employees and their families.
"Our thoughts continue to be with all those in China dealing with the health impacts related to the coronavirus," said Boeing President and CEO Dave Calhoun. "Through our donation, it is our hope that we can help limit the spread of this virus and ease the burden on local aid workers and medical personnel."
Sources: US Chamber Foundation,
Boeing Media Room, Sina Finance
#MedicialSupplies #Donation #China #US #IBM #Boeing
U.S. Chamber of Commerce Foundation
IBM - Coronavirus (COVID-19) Response
After Covid, Plane Makers Are Even More Dependent on China
Airlines in the West expect to take years to recover from Covid-19 and aircraft manufacturers depend on the resilience and growth potential of the Chinese market. But China’s own aerospace ambitions and the geopolitical tensions that surround them could make it a turbulent ride.
With another 500 million Chinese expected to join the middle classes over the next few years, the country is also the industry’s big growth opportunity. China is especially important for the Boeing 737 and Airbus A320 families
The alternative, which Western companies fear, is that the narrow-body gap will be filled by the C919, made by Chinese State-owned manufacturer Comac. C919 is delayed and unlikely to enter service before late 2021, with limited initial production capacity. It is key for Beijing’s “Made in China 2025” industrial plan. This shouldn’t be underestimated, especially in the later half of the decade. The Chinese government can sell the plane at very discounted prices, and it owns a big chunk of the customers.
Source: WSJ #Dec31
https://www.wsj.com/articles/after-covid-plane-makers-are-even-more-dependent-on-china-11609429997?st=ylmcme3de4ljnug&reflink=article_copyURL_share
#AerospaceChina #Boeing #Airbus #China #C919 #COMAC
Airlines in the West expect to take years to recover from Covid-19 and aircraft manufacturers depend on the resilience and growth potential of the Chinese market. But China’s own aerospace ambitions and the geopolitical tensions that surround them could make it a turbulent ride.
With another 500 million Chinese expected to join the middle classes over the next few years, the country is also the industry’s big growth opportunity. China is especially important for the Boeing 737 and Airbus A320 families
The alternative, which Western companies fear, is that the narrow-body gap will be filled by the C919, made by Chinese State-owned manufacturer Comac. C919 is delayed and unlikely to enter service before late 2021, with limited initial production capacity. It is key for Beijing’s “Made in China 2025” industrial plan. This shouldn’t be underestimated, especially in the later half of the decade. The Chinese government can sell the plane at very discounted prices, and it owns a big chunk of the customers.
Source: WSJ #Dec31
https://www.wsj.com/articles/after-covid-plane-makers-are-even-more-dependent-on-china-11609429997?st=ylmcme3de4ljnug&reflink=article_copyURL_share
#AerospaceChina #Boeing #Airbus #China #C919 #COMAC
WSJ
After Covid, Plane Makers Are Even More Dependent on China
China has recovered from the pandemic to become the world’s largest domestic aviation market.