Preferring a Loss of 40 Billion and Layoffs of 9,000 Rather than Sharing Technology with China？

The Covid-19 pandemic has severely impacted the aviation industry, leading to financial difficulties for many airlines. China offered assistance to these companies, including Rolls-Royce, but the British company chose to decline both financial and technological aid. Rolls-Royce, known for its luxury automobiles, is a long-standing aerospace and industrial power systems manufacturer. The company’s core business is designing, manufacturing, and maintaining aircraft engines and power systems. The pandemic exacerbated Rolls-Royce’s financial challenges, hindering its research and development efforts. China’s offer presented a valuable opportunity for financial support and access to a large aviation market, but Rolls-Royce refused, resulting in significant losses and the layoff of thousands of employees. “China Focus“ is a YouTube channel created to provide current events and pop culture headlines from you can get to know a more real China through my video. ｜ #ChineseNews #chips #ChinaFocus Thanks for your watching and subscribing.