Boeing Co will reveal the location of its first overseas B737 completion center in China by the end of the year, as it expands its industrial footprint in the world's fastest growing aviation market, the US aircraft manufacturer said on Tuesday.

Zhoushan, a city in Zhejiang province near Shanghai, already sent its plan for the Boeing facility to the State Council after preparing for the program for more than two years, Shanghai Securities News reported. Other cities including Shenyang in Liaoning province and Xi'an in Shaanxi province, have also expressed their hope to host the new facility, with local government support.

Boeing Co and Commercial Aircraft Corp of China, signed an agreement last September to jointly establish a Boeing 737 completion center in China, after President Xi Jinping's visit in the Seattle area, home to the headquarters of Boeing Commercial Airplanes. The center, which will be joint venture of the two, will cover completion activities including cabin installation, painting and flight testing.