Taking a page from the United States’ ineffectivness handbook, China is trying its own hand at sanctioning the military-aligned companies of its enemies. China is looking to punish Boeing, Lockheed, and Raytheon with sanctions over arms sales to Taiwan.
The U.S. has been unsuccessful at making sanctioning anything other than strongly worded notes to regimes. Russia has made a fool of the U.S. over the practice, but China still wants to give it a go too.
U.S. Falls Back On Ineffective Sanctioning
Chinese rulers have criticized U.S. Secretary of State Antony Blinken over his support for Taiwan’s new president, and the Chinese Ministry of Foreign Affairs (MOFA) imposed sanctions on U.S. defense firms over Taiwan support.
President Lai Ching-te was sworn in early Monday. Shortly after, Blinken released this statement, “We also congratulate the Taiwan people for once again demonstrating the strength of their robust and resilient democratic system.” Blinken added, “The partnership between the American people and the Taiwan people, rooted in democratic values, continues to broaden and deepen across trade, economic, cultural, and people-to-people ties.”
These comments irritated the communist regime. “It’s a serious violation of the political commitment made by the US to maintain only cultural, commercial, and other unofficial relations with the Taiwan region,” Foreign Ministry spokesman Wang Wenbin said Tuesday in response to Blinken’s comments, according to a report by ZeroHedge.
Here’s more from Dimsum:
The sanctions target prominent American defence corporations such as Lockheed Martin Missiles and Fire Control, Lockheed Martin Aeronautics, Javelin Joint Venture, Raytheon Systems, General Dynamics Armament and Tactical Systems, among others. The Chinese government has declared it will freeze its assets within China, impacting both movable and immovable property.
Furthermore, ten executives, including six from Northrop Grumman like Chairman and CEO Kathy J. Warden, will face travel bans restricting their entry into China, Hong Kong, and Macao. This measure extends to four executives from General Dynamics, highlighting the depth of Beijing’s retaliatory steps.
The Ministry criticized the US for disregarding China’s neutral stance on the Ukraine crisis and leveraging it to justify economic bullying and coercion. According to Beijing, these actions severely infringe upon the legitimate rights of Chinese firms and individuals and breach the foundational norms governing Sino-American diplomatic relations. -Dimsum Daily
Members of the U.S. ruling class see China’s invasion of Taiwan as imminent.
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