The CEO of Boeing (BA) was good enough to tell his shareholders, the press, and the rest of the world that the company might have a new competitor beyond Airbus. The company will probably be based on China.
But, since the Chinese government mentioned this possibility over a month ago, the news has run everywhere.
The reasoning behind the Boeing statement is that China has learned how to build supply chains for the auto industry there. But, the Chinese have said that such a venture is probably fifteen years away.
Between now and then, China could go through a depression. The central government could be overthrown. Global warming could make air travel impossible.
Hopefully, the Boeing speculation will not send its stock down.
Douglas A. McIntyre
Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
