China will sanction U.S. military contractor companies, including Lockheed Martin Corporation, over their arms sales with Taiwan, according to reports.
China’s newly announced retaliatory regulations add tension between the two countries concerning security and China’s strategic pursuits. Other companies facing sanctions include Raytheon Technologies and Boeing’s defense sphere, according to the Associated Press.
“As China pointed out on multiple occasions, the U.S. arms sales to Taiwan severely violate the one-China principle and the three China-U.S. joint communiqués, and seriously undermine China’s sovereignty and security interests. China firmly opposes and strongly condemns it,” Foreign Ministry Spokesperson Zhao Lijian said, according to a Monday press conference transcript.
Zhao said the pending sanctions on the companies and “U.S. individuals and entities who played an egregious role in the process” were “to uphold national interests,” according to the transcript.
#FMsays China has decided to impose sanctions on US entities participating in selling arms to Taiwan including Lockheed Martin, Boeing Defense and related individuals and entities that played a negative role during the sales process, Foreign Ministry spokesman Zhao Lijian said. pic.twitter.com/FOf6gM6YG7
— China Daily (@ChinaDaily) October 26, 2020
Zhao’s statement came as a response to questions of what China is doing about State Department-approved arms sales to Taiwan valued at over $1 billion, according to the transcript. China called on the U.S. to stop the sale, which included more than 100 precision land-attack missiles, a week ago, the AP reported.
The U.S. is law-bound to ensure the island nation can protect itself and the number of arms sales has increased, the AP reported. The U.S. promised years ago to decrease and eventually end sales, saying the U.S.-China conflict needs to be resolved in a peaceful manner.
“Foreign Military Sales are government-to-government transactions and we work closely with the U.S. government on any military sales to international customers,” Lockheed Martin said in a statement provided to the Daily Caller News Foundation. “Lockheed Martin adheres to United States government policy with regard to conducting business with foreign governments. We do business with more than 70 nations around the world, and all of our international sales are strictly regulated by the U.S. government.”
“We will continue taking necessary measures to safeguard national sovereignty and security interests,” Zhao said, according to the transcript.
The State Department did not immediately respond to the DCNF’s request for comment.
Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact [email protected]
Read the Original Article Here