Story by Micah McCartney Newsweek
Beijing has responded after the U.S. sanctioned Chinese companies alleged to be fueling Russia’s war against Ukraine, in a move one analyst told Newsweek signals China’s “gloves are coming off.”
On May 22, the Chinese Foreign Ministry announced sanctions on 10 business executives and a dozen U.S. entities with ties to the defense sector, including Raytheon, General Dynamics and Lockheed Martin.
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Jonathan Ward, a senior fellow at the Hudson Institute think tank in Washington, D.C., said sanctioning U.S. aerospace and defense firms had become a standard response for China.
“While this may seem meaningless when applied to American defense corporations that do not have business interests in China, Beijing has significantly raised the stakes by now targeting Boeing, which has substantial China sales, and General Dynamics whose subsidiary, Gulfstream Aerospace, also has China operations,” he said.
China’s new punitive measures come days after it imposed sanctions on three other U.S. firms, including the defense division of the aerospace giant Boeing.
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