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Boeing wins record order as Xi reassures US business

Chinese President Xi Jinping speaks after his tour of the Boeing assembly line in Everett, Washington, on September 23, 2015Boeing secured a record $38 billion in new orders from China as visiting President Xi Jinping delivered an “I’ve got your back” message to wary chief executives of America’s biggest companies Wednesday. On day two of his US trip Xi promised the heads of Boeing, Microsoft, General Motors and a dozen other top companies that they have a bright future in China’s growing economy, with Beijing committed to market and regulatory reforms that will create a level-playing field. Having assured America a day earlier that China’s economic turbulence — which had triggered global market turmoil — was only temporary, he argued that his record for an open and liberal Chinese market, even when he was a lower official eight years ago, speaks for itself.

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