Out of Dollars: Chinese Airlines Blocked from Buying Boeing Planes

Only a couple of hours ago I posted What If China Can't Afford Imported Coal. Now I get back from a run and what headline comes across?

ZH: China Is Blocking Its Airlines From Buying "Tens Of Billions Of Dollars" In U.S. Made Boeing Airplanes

In what should serve as a wakeup call for the Biden administration about the climate of trade between the U.S. and China (but won't), China is reportedly blocking its domestic airlines from doing business with Boeing.

U.S. Commerce Secretary Gina Raimondo made the revelation on Tuesday, according to Reuters, stating that Chinese airlines were being prevented from buying "tens of billions of dollars" in U.S. made airplanes.

Raimondo also pointed out that China wasn't living up to its promises made in 2020 to buy U.S. goods.

They think its a trade spat. Maybe it is. Or maybe there is smoke billowing from the Chinese side of the global economy.