While addressing a news conference on Tuesday, Airbus China CEO George Xu noted that there would be “no winner” from a prolonged US-China economic and trade conflict.
Key Quotes:
“I am Chinese and we don’t like this kind of trade war.”
“Nobody will be the winner in this kind of trade war.”
Do not expect a sales windfall from trade tensions between China and the US.
Such tensions would hurt aviation growth by depressing middle-class incomes.
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