Beijing has announced sanctions against three American military companies for selling arms to Taiwan during the inauguration of the new president on the island. This information is reported by AFP.
#UPDATE China has sanctioned three US defence companies over their sales of arms to Taiwan, Beijing's state media said Monday as the self-ruled island inaugurated a new president.
— AFP News Agency (@AFP) May 20, 2024
US firms General Atomics Aeronautical Systems, General Dynamics Land Systems, and Boeing Defense,… pic.twitter.com/C0kqurpa8L
In particular, the Chinese sanctions apply to General Atomics Aeronautical Systems, General Dynamics Land Systems, and Boeing Defense, Space & Security, which are prohibited from conducting “import-export” business with China.
The executives of these three companies are also banned from entering China, their work permits will be revoked, and they will not be granted guest status or approved for residence.
This is one of the restrictions announced by the Chinese state news agency Xinhua, citing the country's Ministry of Commerce.
On Monday, Lai Ching-te was sworn in as president of Taiwan, marking the beginning of a historic third term for the ruling Democratic Progressive Party on the island. This party advocates the preservation of democracy despite growing pressure from authoritarian China.
