China to sanction 5 U.S. producers over arms profits to Taiwan

China to sanction 5 U.S. producers over arms profits to Taiwan


Taiwanese Soldiers stand guard as CM-11 tanks are deployed to a dwell ammunition armed forces drill at an unnamed spot, amid increasing tensions with China, in Hsinchu, Taiwan, 21 December 2021. Taiwan has been dealing with intensifying military threats from China including Chinese PLA warplanes despatched to cruise close to the island, whilst the US has been featuring much more arm revenue to Taiwan. (Photograph by Ceng Shou Yi/NurPhoto via Getty Photographs)

Nurphoto | Nurphoto | Getty Visuals

China will sanction five U.S. armed service manufacturers in response to the latest round of U.S. arms revenue to Taiwan, a international ministry spokesperson mentioned on Sunday.

U.S. arms income to Taiwan are a regular source of tension in between Washington and Beijing. China sights democratically ruled Taiwan as its territory, a assert Taiwan’s governing administration rejects.

The sanctions occur ahead of Taiwan’s Jan. 13 presidential and parliamentary elections, which China has cast as a decision concerning war and peace.

The U.S. Point out Office past thirty day period accepted $300 million sale of machines to aid preserve Taiwan’s tactical info devices.

The spokesperson mentioned in a statement the the latest arms gross sales “severely undermine China’s sovereignty and safety pursuits, severely jeopardize peace and stability in the Taiwan Strait.”

The companies to be that will be sanctioned are BAE Devices Land and Armaments, Alliant Techsystems Operations, AeroVironment, Viasat and Details Website link Options.

China will freeze the assets of these firms and ban individuals or corporations in China from participating them, the spokesperson said.

The U.S. embassy in Beijing did not quickly answer to a ask for for remark.



Supply

Advantest shares jump as much as 14% as AI chip boom drives record sales and higher profit outlook
World

Advantest shares jump as much as 14% as AI chip boom drives record sales and higher profit outlook

Employees move semiconductor testers on the assembly line of the Advantest Corp. plant in Ora, Japan on Aug. 10, 2012. Tomohiro Ohsumi | Bloomberg | Getty Images Shares of Japanese semiconductor equipment maker Advantest jumped as much as 14% Thursday after the company posted record quarterly sales, before paring gains to about 7%. Operating profit for […]

Read More
Gold and silver keep hitting record highs. Is the precious metals market ‘broken’?
World

Gold and silver keep hitting record highs. Is the precious metals market ‘broken’?

Gold extended its a relentless rally on Thursday, crossing past $5,500 per ounce and hitting another record high. Spot gold prices gained more than 3%, and were last trading at $5,501.18 an ounce, according to LSEG data. Gold futures for February rose over 3% to reach $5,568.66 per ounce. Spot silver prices advanced over 2% […]

Read More
Gold prices jump more than 3% as Asia markets set to trade mixed after U.S. Fed holds rates
World

Gold prices jump more than 3% as Asia markets set to trade mixed after U.S. Fed holds rates

An aerial view of Singapore’s skyline. Tong Thi Viet Phuong | Moment | Getty Images Spot gold prices rose to a fresh record Thursday after the U.S. Federal Reserve overnight kept its benchmark rate steady at a target range of 3.5% to 3.75%. The bullion rose more than 3% to breach the $5,500 per ounce […]

Read More