China Targets US Defense Industry
China has imposed restrictions on the supply of dual-use goods to 28 US defense companies, the Chinese Ministry of Commerce reported. As the department explains, the companies subject to trade restrictions include such corporations as General Dynamics, Boeing Defense, Space & Security, Lockheed Martin Corporation, and Raytheon Missiles & Defense.
These measures are in accordance with Chinese laws and regulations, including the Export Control Law of China and the Regulations on Export Control of Dual-Use Items, and are aimed at safeguarding national security and interests, as well as fulfilling non-proliferation and other international obligations.
- the Chinese Ministry of Commerce said in a statement.
The department clarifies that in special cases, when export is considered necessary, exporters must submit a corresponding application for permission from the Ministry of Commerce.
It is worth noting that the PRC sanctions list included American arms corporations that sold weapons to Taiwan.
It should be added that these are not the first sanctions China has imposed on American companies. In January last year, for example, Beijing imposed restrictions on five American firms.
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