News Snapshot:
China will sanction U.S. military contractor companies, including Lockheed Martin Corporation, over their arms sales with Taiwan, according to reports. China’s newly announced retaliatory regulations add tension between the two countries concerning security and China’s strategic pursuits. Other companies facing sanctions include Raytheon Technologies and Boeing’s defense sphere, according to the Associated Press. “As China pointed out on multiple occasions, the U.S. arms sales to Taiwan severely violate the one-China principle and the three China-U.S. joint communiqués, and seriously undermine China’s sovereignty and security interests. China firmly opposes and strongly condemns it,†Foreign Ministry Spokesperson Zhao Lijian said , according...
