financetom
Business
financetom
/
Business
/
China takes measures against 12 U.S. military-linked firms
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
China takes measures against 12 U.S. military-linked firms
May 22, 2024 3:30 AM

BEIJING (Reuters) - China said on Wednesday it had taken measures against 12 companies involved in the U.S. military-industrial complex and their senior executives, in response to the U.S. arming of Taiwan and sanctions on Chinese companies.

The U.S. companies included units of Lockheed Martin, Raytheon and General Dynamics ( GD ), China's Foreign Ministry said.

The measures, which include freezing assets in China and banning senior executives from entering the country, took effect from Wednesday, it added.

The action follows U.S. "indiscriminately imposing unlawful unilateral sanctions on a number of Chinese entities on the basis of so-called Russia-related factors," the ministry said in a statement.

China said the U.S. had "ignored its objective and impartial position in the Ukrainian crisis", and had instead "engaged in unilateral bullying and economic coercion".

The ministry said the U.S. has also continued to sell arms to Taiwan, which "seriously violates" the one-China principle and joint communiqués between both countries, and "seriously undermines" China's sovereignty and territorial integrity.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Trump Signs Order to Claim Control Over Independent Agencies
Trump Signs Order to Claim Control Over Independent Agencies
Feb 19, 2025
05:56 AM EST, 02/19/2025 (MT Newswires) -- US President Donald Trump has signed an executive order that seeks to gain control over independent government agencies, the White House said Tuesday. The order requires all agencies, including agencies that operate with some independence of the White House such as the Federal Communications Commission, the Securities and Exchange Commission and the Federal...
HP to Acquire Humane AI Technology in $116 Million Deal
HP to Acquire Humane AI Technology in $116 Million Deal
Feb 19, 2025
05:46 AM EST, 02/19/2025 (MT Newswires) -- HP (HPQ) said late Tuesday it has agreed to acquire Humane's artificial intelligence platform Cosmos, along with relevant staff and roughly 300 patents, in a $116 million transaction expected to close by the end of February. The company said the acquisition will help it develop AI-powered devices and expand AI integration across its...
'Fasten Your Space Belts': Rocket Lab Deploys First Gen-3 Satellite By BlackSky
'Fasten Your Space Belts': Rocket Lab Deploys First Gen-3 Satellite By BlackSky
Feb 19, 2025
Rocket Lab USA, Inc. ( RKLB ) shares are trading slightly higher premarket on Wednesday. On Tuesday, the company successfully completed its 60th Electron launch, delivering BlackSky’s first Gen-3 Earth-imaging satellite into a 470km orbit.  The ‘Fasten Your Space Belts’ mission took off from Launch Complex 1 in Mahia, New Zealand, at 12:17 NZDT on February 19 (23:15 UTC on February 18).  BlackSky ( BKSY/WS ) CEO,...
Commerzbank on Overnight News
Commerzbank on Overnight News
Feb 19, 2025
05:45 AM EST, 02/19/2025 (MT Newswires) -- Commerzbank in its European Sunrise note of Wednesday highlighted: Markets: United States Treasuries fall into New York close, sideways in Asia. E-minis advance further in Asia after SPX had recovered earlier losses, Asian equities mixed. EUR stronger at $1.045, Brent rises above $76/barrel. Tariffs: U.S. President Donald Trump says he will impose tariffs...
Copyright 2023-2026 - www.financetom.com All Rights Reserved