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Boeing to open 737 assembly facility in China

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AFP  File  Saul LoebA Boeing aircraft is seen during the manufacturing process a factory in Renton Washington in May 2015

The company confirmed that it will be purchasing 30 of Boeing's 737-800 jets, worth $2.88 billion at list price.

China will purchase Boeing aircraft for $38 billion, USA Today said.

The other major announcement during Wednesday's visit from Chinese President Xi Jinping was related to a new completion center that Boeing will open in China with the partner Commercial Aircraft Corporation of China (Comac).

"As we ramp up capabilities in China, including additional 737-related work, the actions that we'll take are actions that will also allow us to grow jobs here in the U.S.", Muilenburg said at an aerospace conference in Seattle organized by SAE global.

The deal would mark a slight boost in Boeing's ability to compete with the rival Airbus Group, which now supplies about half of China's in-service fleet. Boeing declined to say how numerous planes had been previously ordered, and how that would affect the actual value of the deal.

Xi, who arrived in Seattle on Tuesday aboard a Boeing 747-400 Air China plane, visited the Boeing's Paine Field factory on Wednesday.

Boeing sold a record 155 airplanes last year to customers in China, and so far this year, a quarter of its jets have been delivered there.

Boeing to open 737 assembly facility in China

Boeing welcomed China President Xi Jinping to its wide-body commercial airplane factory this week and announced several agreements that will broaden and deepen mutually beneficial cooperation between Boeing and China.

However, some Boeing machinists are protesting the deal, which has also drawn the ire of Republican presidential front-runner Donald Trump.

COMAC forecast that China will need 6,218 new aircraft in the next two decades, 4,195 of which will be narrow-body jets, such as Boeing 737s and Airbus 320s.

Airbus opened its first assembly line outside of Europe in 2008 with a Tianjin facility that turns out four A320 aircraft per month.

American multinational aircraft manufacturer Boeing is set to announce a completion and delivery center in China for 9ts 737 single-aisle aircraft, reports Hong Kong newspaper Ming Pao.

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