Economic security

China's Xi promises better investment climate as Boeing announces China plant

Seeking to project a sunny climate for U.S. business, Chinese President Xi Jinping said on Wednesday his country planned to greatly reduce restrictions on foreign investment, as Boeing announced plans for an aircraft finishing center in China, its first outside the United States.

Boeing's long-expected move into manufacturing in low-cost China followed its news of a big order for some 300 planes from China, valued at about $38 billion at list prices.

But the finishing center plan has not been popular with labor unions and attracted the ire of leading Republican presidential hopeful Donald Trump, who said it would take jobs away from the United States.