President Donald Trump announced China will purchase 200 Boeing commercial aircraft. This agreement marks the first major order from the country in nearly a decade. The announcement followed a high-stakes summit between Trump and Chinese leader Xi Jinping in Beijing.
The order fell short of the 500-jet package anticipated by analysts. This expected package included a mix of 737 MAX models and widebody aircraft. The smaller order size overshadowed Boeing's re-entry into the Chinese market following trade tensions and the 737 MAX grounding.
Boeing shares fell more than 4% during market trading. The decline reflects investor disappointment regarding the scale of the agreement. Market reaction suggests ongoing concern over the stability of U.S.-China trade relations.