U.S.-China trade tensions would hurt aviation growth: Airbus China CEO
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Europe's Airbus SE indicated on Tuesday that it did not expect a sales windfall from trade tensions between China and the United States, with the manufacturer's China head saying there would be "no winner" from a prolonged economic conflict.
Airbus China CEO George Xu said such tensions would hurt aviation growth by depressing middle-class incomes.
"I am Chinese and we don't like this kind of trade war," Xu said at a news conference. "Nobody will be the winner in this kind of trade war."
Airbus has been trying to unlock talks with China over a long-delayed deal to sell up to 180 jets, and its board in September held an unusual meeting in China.
(With inputs from agencies.)
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