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Boeing CEO says hopeful U.S.-China on course to resolve trade dispute


(Reuters) - Co Dennis said on Thursday he is hopeful that and the U.S. are on a path to resolve their trade spat, on a day when global stocks fell on renewed fears of a trade war between the world's two largest economies.

"We are hopeful coming out of the summit that we are on a path to finding a trade agreement with that's going to be productive," said in an interview with CNBC on Thursday.

has become a key hunting ground for deals for foreign firms thanks to surging travel demand, but the outlook has been complicated by Beijing's desire to grow its own champions in industry.

also said 737 MAX is a "safe aircraft", two months after a 737 MAX of Indonesia's Group crashed, killing all 189 people aboard. He added that the planemaker had a healthy production backlog.

shares fell about 4 percent while the Dow and the were down more than 1.5 percent.

(Reporting by in Bengaluru; Editing by Shailesh Kuber)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, December 07 2018. 03:02 IST