U.S. Sanctions Chinese Firm Helping Build Military Base in Cambodia

News Snapshot:

WASHINGTON—The U.S. on Tuesday imposed sanctions against a Chinese company that it said is responsible for helping to build a military base for Beijing in Cambodia, a new phase in a U.S. effort to pressure firms helping in China’s military expansion around the world. The Treasury Department blacklisted China’s state-owned Union Development Group Co., or UDG, responsible for work on behalf of a formerly secret Chinese base described by The Wall Street Journal last year, for corruption allegations. ...