China sanctions Lockheed Martin, Raytheon for Taiwan sales
China has imposed trade and investment sanctions on Lockheed Martin and a unit of Raytheon for supplying weapons to Taiwan, stepping up efforts to isolate the island democracy claimed by the ruling Communist Party as part of its territory.
Lockheed Martin and Raytheon Technologies' Raytheon Missiles and Defence are barred from importing goods into China or making new investments in the country, the Ministry of Commerce announced on Thursday.
It said they were added to the "unreliable entity" list of companies whose activities are restricted because they might endanger national sovereignty, security or development interests.
It wasn't clear what impact the penalties might have. The United States bars most sales of weapons-related technology to China, but some military...