China's Boeing Order Falls Short of Expectations, Stock Drops Over 4%

US President Donald Trump told Fox News that China has agreed to purchase 200 Boeing aircraft. This number falls significantly short of analysts' expectations of 500 planes, causing Boeing's stock to drop by 4.73%. Details regarding delivery timelines and aircraft models remain unannounced. The last major Chinese order was for 300 planes in November 2017; since US-China relations soured, Boeing had only received 51 orders, mostly for cargo planes. BNP Paribas analyst Matt Akers noted that while more orders might emerge, current figures disappoint investors.