Western manufacturers will be able to de-risk their operations in China but will find it impossible to cut ties completely from the country, according to the head of one of the US’s largest aerospace and defence companies.
Greg Hayes, chief executive of Raytheon, said the company had “several thousand suppliers in China and decoupling . . . is impossible”.
“We can de-risk but not decouple,” Hayes told the Financial Times in an interview, adding that he believed this to be the case “for everybody”.
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