Boeing has secured a $37bn (£28bn) deal for China to buy 300 of its aircraft as the country looks to cater for rising demand by picking up new planes.
Boeing today signed a deal to sell 300 planes worth $37 billion (£28.2 billion) at list prices to state-run China Aviation Supplies Holding Company - just one of several agreements announced during U.S. President Donald Trump's state visit to Beijing.
The partnerships were signed in the presence of Trump and Chinese President Xi Jinping, as well as U.S. Commerce Secretary Wilbur Ross and Chinese Vice Premier Wang Yang, GE said in a statement.
A spokesman for the planemaker declined to comment on what proportion of the new China agreement represented new or existing orders, but it was believed that some of the orders were already in Boeing's backlog.
Boeing had 334 orders by unidentified customers as of October 24, of which 290 were for its 737 narrow body family.
China has a component role on every Boeing commercial aircraft model - the 737, 747, 767, 777 and the 787 - and over 9,000 Boeing aircraft fly worldwide with China-built parts and assemblies.
This is not the first time China Aviation Supplies has been involved with large deals during previous government exchanges.
The deals may provide some comfort to both Airbus and Boeing, as China continues to invest heavily in developing its own aviation industry.
On Wednesday, Boeing Co. confirmed that they've won the Chinese deal according to which they will be selling three hundred planes to China, worth nearly $37 billion. It also was among three Chinese companies involved in the 2015 Boeing order.
Earlier on Thursday, General Electric said it had signed deals worth $3.5 billion in China. It valued that deal at $1 billion.
The new order is for 40 Boeing 777s and 787s, and 260 737s.