China punishes U.S. entities as retaliation for arms sales to Taiwan

China said Monday that it has decided to impose sanctions on U.S. defense entities including Lockheed Martin Corp., in retaliation for Washington’s arms sales to Taiwan.Boeing Co.’s defense unit and Raytheon Technologies Corp. as well as individuals involved in the U.S. arms exports to the democratic island will be also punished, Chinese Foreign Ministry spokesman Zhao Lijian told reporters, but he did not elaborate what kind of sanctions will be levied against them.China will “continue to implement necessary measures to safeguard national sovereignty and security interests,” Zhao said.Earlier…

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