China, Lockheed Martin sanctions Raytheon sales in Taiwan WGN Radio 720
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BEIJING (AP) — China on Thursday imposed trade and investment sanctions on U.S. military contractors Lockheed Martin and Raytheon for supplying weapons to Taiwan, which the ruling Communist Party claims are part of its territory. stepped up efforts to isolate democracy on the island.
The Ministry of Commerce announced that it is barring companies from importing goods into China or making new investments in China.
It was not clear how the penalty would affect Lockheed Martin or Raytheon. Although the U.S. has largely banned the sale of weapons-related technology to China, some military contractors also have civilian operations in aerospace and other markets.
Taiwan and China split in 1949 after a civil war. Although the island was never part of the People’s Republic of China, the Communist Party has said it is obligated to integrate it with the mainland by force if necessary.
President Xi Jinping’s government has stepped up efforts to intimidate Taiwan by flying fighter jets and bombers near the island and firing missiles into the sea.
https://wgnradio.com/news/business-news/ap-china-sanctions-lockheed-martin-raytheon-for-taiwan-sales/ China, Lockheed Martin sanctions Raytheon sales in Taiwan WGN Radio 720
