Robert Besser
18 Sep 2023, 20:04 GMT+10
BEIJING, China: U.S. aerospace and defense firms Northrop Grumman and Lockheed Martin have been sanctioned by China for selling weapons to Taiwan, the Chinese foreign ministry said last week.
According to ministry spokesperson Mao Ning, the sanctions are authorized under China's Anti-Foreign Sanctions Law.
"We urge the U.S. side to effectively abide by the one-China principle... cease U.S.-Taiwan military liaison and stop arming Taiwan, or else it will be subject to a resolute and forceful retaliation by the Chinese side," she said.
China has targeted Lockheed Martin Corp's facilities in Missouri for manufacturing arms for Taiwan, and allege that Northrop Grumman has continually sold weapons to Taiwan.
While China has sanctioned other US companies in the past, it is uncertain what impact the sanctions will have on Northrop Grumman and Lockheed Martin, which sells no armaments to China.
In August, the US approved the funding of $80 million to Taiwan under the Foreign Military Financing program.
This past week, a Chinese naval group passed within 60 nautical miles of Taiwan's southeast.
Taiwan also reported dozens of Chinese fighter aircraft flying within its air defense zone this week.
China enacted a number of laws in 2021 to counter the sanctioning of Chinese companies by foreign countries.
Get a daily dose of Peking Press news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Peking Press.
More InformationNEW YORK, New York - The U.S. dollar jumped sharply on Monday, extending its recent months-long rally.The euro crumbled to ...
CHICAGO, Illinois: On September 29, the union representing United Airlines' pilots said its members had ratified a new four-year contract, ...
SHANGHAI, China: Chinese officials report that 100 million people are traveling daily during the ongoing Golden Week holiday. Three times ...
STOCKHOLM, Sweden: Swedish lithium-ion battery producer Northvolt announced this week that it would build a $5.2 billion gigafactory in the ...
SACRAMENTO, California: Fast food workers will now receive $20 per hour in California, after the governor signed a fast food ...
BEIJING, China: In a deal worth US$10 billion at list prices this week, state-owned carrier China Eastern Airlines announced that ...
SHANGHAI, China: Chinese officials report that 100 million people are traveling daily during the ongoing Golden Week holiday. Three times ...
BEIJING, China: In a deal worth US$10 billion at list prices this week, state-owned carrier China Eastern Airlines announced that ...
KAOHSIUNG, Taiwan: In a significant milestone for its defense capabilities, Taiwan has unveiled its first domestically developed submarine. Although it ...
BEIJING, China: This week, China Evergrande Group said its founder and chairman, Hui Ka Yan, is being investigated over suspected ...
MANILA, The Philippines: The Philippines remains steadfast in its resolve not to yield to Chinese efforts to obstruct its fishermen ...
WASHINGTON D.C. As part of its efforts to remove goods made by Uyghur forced labor from the U.S. supply chain, ...