China's Ministry of Commerce (MOC) just dropped some big news! 🚨 On Thursday, they announced that 10 U.S. companies have been added to the \"unreliable entities list\" for selling arms to the Taiwan region.
Among the companies named are Lockheed Martin Missiles and Fire Control, Lockheed Martin Aeronautics, and Lockheed Martin Missile System Integration Lab. These firms are now prohibited from engaging in any China-related import or export activities and are barred from making new investments in China. 🚫💰
But that's not all—the senior executives of these companies are also facing consequences. They will be banned from entering China, their work permits and visitor or residency status will be revoked, and any related applications won't be approved. Talk about serious actions! 😮
The MOC stated that these companies have been involved in arms sales to the Taiwan region and have conducted so-called cooperation on military technologies for years, despite China's strong opposition. Their actions, according to the ministry, severely undermine China's sovereignty and territorial integrity, violate the one-China principle and the three China-U.S. joint communiques, and disrupt peace and stability across the Taiwan Straits. 🇨🇳✊
While these companies will be held legally accountable, the ministry emphasized that China's unreliable entity provisions target only a few foreign entities that undermine China's national security. 📜
On a brighter note, the Chinese government says it always welcomes foreign companies to invest and expand their businesses in China. They are committed to providing a stable, fair, and predictable business environment for law-abiding companies operating in the country. 🌏🤝
So, what do you think about this development? Share your thoughts below! 💬
Reference(s):
cgtn.com
