China’s Ministry of Commerce took a bold step Thursday, adding 10 U.S. defense companies to its unreliable entities list 🔍 for selling weapons to the Taiwan region. The move escalates tensions amid ongoing disputes over cross-strait policies.
The blacklisted firms include Lockheed Martin subsidiaries like Missiles and Fire Control and Aeronautics — major players in global arms manufacturing 🛩️. Under the sanctions:
- ❌ Banned from China-related trade
- ❌ Blocked from new investments
- ❌ Executives barred from entering China
🇨🇳 Officials called the arms deals a ‘severe violation’ of the **one-China principle** and U.S.-China agreements, warning such actions 'undermine peace across the Taiwan Strait.' The companies now face legal consequences under Chinese law.
But there’s a silver lining 🌤️: The ministry stressed that ‘law-abiding foreign businesses’ are still welcome, reaffirming China’s commitment to a stable business environment. Will this move cool tensions or spark new trade wars? 💬 Stay tuned.
Reference(s):
cgtn.com