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 Caribbean Herald 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 Caribbean Herald.
More InformationSAN FRANCISCO, California: In a major update that will move it closer to popular artificial intelligence (AI) assistants, such as ...
NEW YORK, New York - There was a major bust on Wall Street on Tuesday as investors continued to fret ...
DETROIT, Michigan: This week, the United Auto Workers (UAW) expanded its members' strike to include dealers selling and servicing General ...
TOKYO, Japan: Toyota Motor (7203.T) is ramping up its production of electric vehicles (EVs) under both the Toyota and luxury ...
WASHINGTON D.C.: After consumer complaints of oil pump failures, the National Highway Traffic Safety Administration's (NHTSA) Office of Defects Investigation ...
NEW YORK, New York - With no major news Monday, and nothing on the horizon, U.S. stocks remained little moved, ...
Washington - Countries up and down the Western Hemisphere are looking to eliminate weaknesses in their cyber infrastructure that could ...
WASHINGTON - The Eagle Pass area in Texas continues to experience an influx of migrants - the majority from Venezuela, ...
New Delhi [India], September 27 (ANI): Legendary New Zealand wicketkeeper-batter and current England Test head coach Brendon McCullum turned 42 ...
BEIJING, Sept. 27 (Xinhua) -- The following are the central parity rates of the Chinese currency renminbi, or the yuan, ...
BRASILIA, Sept. 26 (Xinhua) -- Brazilian President Luiz Inacio Lula da Silva on Tuesday launched a strategy that seeks to ...
(Photo credit: Kelley L Cox-USA TODAY Sports) Monte, Eternal Fire, 9z Team and MOUZ opened the ESL Pro League Season ...