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Boeing Backs Out of Global IP Satellite Order Financed by China

Boeing Co. said Thursday it was canceling a controversial satellite order that was financed by a Chinese government-owned firm, citing “default for nonpayment.”

Boeing’s decision follows a Wall Street Journal investigation this week that highlighted China’s opaque role in funneling around $200 million to the project, called Global IP.

OTHER NEWS

China’s potential weapons against US tariffs could backfire on its growth — here’s why

6/09/2018, 9:32 PM

Due to China’s massive trade surplus over the U.S., China can’t keep up with the magnitude of Trump’s levies — Beijing doesn’t buy enough American goods on which to impose the equivalent volume of tariffs. China may further devalue the yuan — down 8 percent since May — to help its exports, but too much […]

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Warren enters crucial debate with big momentum

14/10/2019, 4:27 AM

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