Boeing reportedly inks deal to build 300 jets for China, construct plant in country

HONG KONG (AP) — China's official news agency says Chinese companies have agreed with Boeing to buy 300 jets and build an aircraft final assembly plant in China in deals signed during President Xi Jinping's visit to the United States.

The Xinhua news agency said Wednesday that a group of Chinese companies inked the jet purchase agreement after Xi's arrival in Seattle.

The report said China Aviation Supplies Holding, ICBC Financial Leasing and China Development Bank Leasing signed the deal with Boeing. It gave no details of the plane models involved or the deal's value.

State-owned Commercial Aircraft Corporation of China has also signed a cooperation agreement with the U.S. plane maker to build a 737 aircraft completion center in China.

European plane maker Airbus already has a plant in Tianjin, and the two often compete for business in one of the world's largest markets.

Boeing workers plan to demonstrate at the two main gates of the Renton plant Wednesday, against what the union calls Boeing's plans to move more work out-of-state. But China isn't the union's only concern.