China sanctions Lockheed, Raytheon after vowing to retaliate against US restrictions | CNN Business

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China has imposed sanctions on two American protection producers over arms gross sales to Taiwan, a day after Beijing pledged to take “countermeasures” in response to Washington’s dealing with of a suspected Chinese surveillance balloon that entered American airspace and was shot down by US forces earlier this month.


Martin Company and Raytheon

Missiles & Protection, a subsidiary of Raytheon

Applied sciences Corp, will likely be added to China’s sanctions checklist, its Ministry of Commerce stated in a Thursday assertion. They’re banned from importing, exporting and investing in China.

Lockheed makes the F-22 Raptor fighter, the model that was chargeable for taking pictures down the Chinese language balloon off the coast of South Carolina on February 4. Raytheon makes the AIM-9X Sidewinder missile, which was used within the mission.

China has insisted that the sanctions weren’t associated to the “unmanned airship incident.” Its Ministry of Commerce launched an announcement on Friday morning saying the measures have been a part of “regular regulation enforcement motion” for arms gross sales by the 2 entities to Taiwan that “significantly undermined” China’s nationwide safety and territorial integrity.

The sanctions got here simply days after the US Commerce Division restricted six Chinese companies that it stated have been tied to the Chinese language military’s aerospace program from acquiring US expertise with out authorities authorization.

Each Lockheed Martin and Raytheon Missiles & Protection are additionally topic to fines “twice the quantity” of their arms gross sales to Taiwan relationship again to September 2020, and their senior executives will likely be prohibited from coming into and dealing in China.

It was not instantly clear how Beijing would implement the fines. Whereas the USA prohibits the sale of weapons to China, some US protection contractors have ties to civilian sectors.

“We do enterprise with greater than 70 nations all over the world, and all of our worldwide gross sales are strictly regulated by the US authorities,” a Lockheed Martin spokesperson advised CNN in an announcement.

Raytheon Missiles & Protection didn’t instantly reply to a CNN request for remark.

Beijing has beforehand imposed sanctions on each firms in relation to their arms gross sales to Taiwan, with out specifying what the penalties would entail and the way they might be enforced. China’s ruling Communist Occasion views democratic Taiwan as its territory, regardless of by no means having managed it.

In its Friday assertion, China’s commerce ministry confirmed this was the primary time it had used its “unreliable entity checklist” to impose sanctions on two firms that promote arms to Taiwan.

Political stress has risen between the USA and China over the balloon, which Beijing maintains was a civilian analysis plane blown off track.

Washington has since accused China of overseeing an international aerial surveillance program. Beijing has denied these claims and, in flip, this week accused the USA of “illegally” flying high-altitude balloons into its airspace greater than 10 occasions for the reason that begin of 2022, together with over its western areas of Xinjiang and Tibet.

US intelligence officers are assessing the possibility that the suspected spy balloon was not intentionally maneuvered over the continental US by the Chinese language authorities, however was diverted off track, CNN reported on Wednesday.

The incident has already despatched ties right into a downward spiral and resulted within the postponement of an anticipated go to from US Secretary of State Antony Blinken to China earlier this month. The journey was anticipated to assist ease stress between the 2 powers following a gathering between US President Joe Biden and Chinese language chief Xi Jinping through the G20 summit in Bali in November.

In remarks Thursday, Biden stated he anticipated to talk to Xi following the balloon incident to “unravel this” however stated he made “no apologies” for “taking down that balloon.”

The USA will proceed to have interaction with China, he stated, reiterating his place that the US seeks “competitors not battle.” The present state of affairs “underscores the significance of sustaining open traces of communication” between US and Chinese language diplomats and navy professionals, Biden added.

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