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Wednesday, September 28, 2022

China to sanction US firms over Taiwan arms sale

FILE PHOTO: Miniature flags of Taiwan and the US are are seem in Taipei, Taiwan March 27, 2018. (Reuters file photo)

China on Monday said it will impose sanctions on Lockheed Martin, a Boeing division and other US firms involved in arm sales to Taiwan, the self-governed island that Beijing views as its territory.

The two US giants were involved in a recent sale of $1 billion worth of missiles to Taiwan, alongside Raytheon. Foreign ministry spokesman Zhao Lijian urged the US “to stop arms sales” to the island.

The status of Taiwan holds potential for conflict between the United States and China, in a wider struggle for technology, security and trade supremacy.

The US State Department said last week it had approved the sale of 135 air-to-ground missiles in a move Taiwan’s defence ministry said would build…

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