Aerospace executives and the US government reacted with concern yesterday to a Chinese threat to impose sanctions on American groups involved in a $6.4bn arms deal with Taiwan.
Giovanni Bisignani, director- general of the International Air Transport Association, the global airline industry body, called for fresh talks between Beijing and Washington to avert a crisis over the arms package.
“At a moment in which the world is in crisis [and] China is playing a very important role in overcoming and pushing for recovery it would be a very, very difficult and unhappy situation” for sanctions to be imposed, he said, as industry leaders gathered in Singapore for Asia's biggest air show.
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