Inside these posts: Hu Jintao

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China’s HNA to buy aircraft from Boeing, Airbus

HNA Group, China’s fourth-largest airline group and parent of Hainan Airlines Co., said it will sign aircraft purchase orders on Tuesday with leading aircraft manufacturers, including Chicago-based Boeing Co. and Airbus.

HNA was planning to sign an aircraft purchase agreement and a memorandum of understanding with leading aircraft makers, also including Dassault Aviation SA and Gulfstream Aerospace at the event, it said in a media invitation for the signing ceremony.

There has been speculation that the HNA orders could include Airbus’ A380s as the Chinese government is calling for the purchase of more wide body planes to help ease air traffic congestion. Get the full story »

Caterpillar to spend $1B to boost China output

A top executive with Caterpillar Inc., the world’s largest maker of earth-moving construction and mining equipment, said Friday the company plans to spend more than $1 billion to increase its manufacturing capacity in China.

In an interview at an event tied to the U.S. visit this week of Chinese President Hu Jintao, Rich Lavin, a group president at Caterpillar, said his company’s current network of 11 Chinese plants was not enough to produce the “market-leading volumes” Caterpillar hopes to be producing by 2015. Get the full story »

Senators threaten currency bill ahead of Hu visit

A group of U.S. senators, on the eve of Chinese President Hu Jintao’s arrival in the United States, said the time has come for U.S. congressional action on China’s currency policies.

Democratic Senator Charles Schumer said Beijing’s currency practices give Chinese companies an unfair trade advantage and have acted like “a boot on the throat” of U.S. economic recovery. Get the full story »

U.S. to press China on yuan ahead of Hu visit

The United States wants a “real, demonstrative commitment” from China that it is serious about shifting away from export-led economic growth, a U.S. official told Reuters on Tuesday ahead of next week’s state visit by China’s Hu Jintao. Get the full story »