China imposes asset freezes on 9 US companies

On Wednesday, China implemented measures against nine U.S. companies associated with the military in response to American arms sales to Taiwan, resulting in the freezing of their assets within China.

This action represents a continued effort to pressure the United States to cease its military support for the island. China has consistently urged the White House, a key international ally and arms provider for the democratically governed Taiwan, to avoid formal interactions with the island’s leadership, as Beijing regards Taiwan as part of its territory.

The measures, which took effect on Wednesday, target firms such as Sierra Nevada Corporation and Stick Rudder Enterprises LLC, among others. According to a statement from the foreign ministry, these actions are characterized as countermeasures and also extend to Cubic Corporation, S3 Aerospace, TCOM Ltd Partnership, TextOre, Planate Management Group, ACT1 Federal, and Exovera.

The statement indicated that organizations and individuals in China are barred from conducting transactions with the specified companies. On Wednesday, a representative from China’s foreign ministry called on the United States to “immediately cease the perilous trend of supplying arms to Taiwan.”

Lin Jian, the ministry spokesperson, emphasized during a regular press briefing the need to “stop colluding with and supporting Taiwan independence, and to refrain from jeopardizing peace and stability in the Taiwan Strait.”

China has previously imposed sanctions and restrictions on companies, including subsidiaries of Lockheed Martin, for their arms sales to Taiwan. The Chinese government has expressed strong opposition to U.S. arms sales to Taiwan and has urged Washington to retract them without delay.

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Additionally, the defense ministry has previously filed a complaint with the United States regarding this issue. Over the past five years, China has intensified its military and political pressure to reinforce its claims, which are firmly rejected by Taipei.


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