Boeing shares fell 2.3% to $195.07 on Thursday after reports that President Trump and Chinese President Xi Jinping are unlikely to announce a major new aircraft purchase at their upcoming meeting. Boeing is concentrating on completing its May arrangement covering 200 aircraft, with about 140 orders progressing and another 10 nearing completion, rather than seeking hundreds of additional planes. China now accounts for roughly 2% of Boeing’s order backlog, down sharply from about 20% of deliveries during 2010-2019, while Airbus has captured most Chinese orders since the pandemic. The summit is expected to focus on extending the US-China trade truce, artificial intelligence protocols and Taiwan relations. Analysts project Boeing could deliver more than 800 aircraft in 2028 and generate about $10 billion in free cash flow, although manufacturing rates, certification of the 777X and 737 MAX-10, and fuel prices remain important to the stock’s outlook.