China sanctions Lockheed Martin, Raytheon for Taiwan sales
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Hamartia Antidote
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Lil They sanction the only few companies that have virtually no business in China. Seriously who is the CCP trying to fool here?
There are hundreds of US companies operatibg in China and making tens of billions there every year, why not pick a few and sanction them to send a real message ? Obviously its because the CCP doesn't want to escalate things with the US( and to be honest, I understand that since i believe its a rational decision actually given China’s situation). So this is just a symbolic gesture just to say "at least we did something "
Hmm...let's see...Raytheon put's a huge early warning RADAR on a mountain in Taiwan over 10 years ago so
Shhh...there's no US military personnel there so China shouldn't worry about the US getting any information..oh wait oopsies..please ignore that man behind the curtain!
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Abdul Rehman Majeed
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China sanctions Lockheed Martin, Raytheon for Taiwan sales
BEIJING -- China on Thursday imposed trade and investment sanctions on Lockheed Martin and a unit of Raytheon for supplying weapons to Taiwan, stepping up efforts to isolate the island democracy claimed by the ruling Communist Party as part of its territory.
Lockheed Martin Corp. and Raytheon Technologies Corp.'s Raytheon Missiles and Defense are barred from importing goods into China or making new investments in the country, the Ministry of Commerce announced. It said they were added to the “unreliable entity” list of companies whose activities are restricted because they might endanger national sovereignty, security or development interests.
It wasn't clear what impact the penalties might have. The United States bars most sales of weapons-related technology to China, but some military contractors also have civilian businesses in aerospace and other markets.
Taiwan and China split in 1949 after a civil war. The island of 22 million people never has been part of the People's Republic of China, but the Communist Party says it is obliged to unite with the mainland, by force if necessary.
President Xi Jinping's government has stepped up efforts to intimidate Taiwan by flying fighter jets and bombers near the island and firing missiles into the sea.
The United States has no official relations with Taiwan but maintains extensive commercial and informal contacts. Washington is obligated by federal law to make sure the island's government has the means to defend itself.
The United States is Taiwan's main supplier of military equipment.
Raytheon Missiles and Defense, part of Raytheon Technologies Corp., was awarded a $412 million contract in September to upgrade Taiwanese military radar as part of a $1.1 billion package of U.S. arms sales to the island. Boeing Defense received a $355 million contract to supply Harpoon missiles.
Beijing responded to that sale by announcing sanctions against the CEOs of Raytheon and of Boeing Defense but gave no details of what they were.
Lockheed Martin has supplied Taiwan's military with radar, helicopters and air traffic control equipment. It plays a role in the island's development of its own fighter jet and navy frigates.
In China, Lockheed Martin has sold air traffic control equipment for civilian airports and helicopters for commercial use.
Beijing announced plans for the “unreliable entity” list in 2019 in response to U.S. restrictions imposed on Huawei Technologies Ltd., a Chinese maker of telecom equipment.
China sanctions Lockheed Martin, Raytheon for Taiwan sales
China has imposed trade and investment sanctions on United States military contractors Lockheed Martin and Raytheon for supplying weapons to Taiwan, stepping up efforts to isolate the island democracy claimed by the ruling Communist Party as part of it...abcnews.go.com
The Ministry of Commerce issued a fine to the US arms giant twice as much as the arms sales contract to Taiwan
Ministry of Commerce
02-16 17:05 from Beijing
Working Mechanism of Unreliable Entity List
announcement
No. 1 of 2023
In order to safeguard national sovereignty, security and development interests, in accordance with the "Foreign Trade Law of the People's Republic of China", "National Security Law of the People's Republic of China" and other relevant laws, the working mechanism of the unreliable entity list is based on Article 2 and Article 2 of the "Regulations on the Unreliable Entity List". Article 8 and Article 10 and other relevant provisions, decided to include Lockheed Martin Corporation and Raytheon Missiles & Defense, which participated in arms sales to Taiwan, into the list of unreliable entities, and Take the following measures:
1. The above-mentioned enterprises are prohibited from engaging in import and export activities related to China;
2. Prohibit the above-mentioned enterprises from making new investments in China;
3. Prohibition of the entry of senior management personnel of the above-mentioned enterprises;
4. Disapprove and cancel the work permit, stay and residence qualification of the above-mentioned senior management personnel in China;
5. Imposing fines on the above-mentioned enterprises respectively, the amount of which is twice the amount of each enterprise's arms sales contract to Taiwan since the implementation of the "Regulations on the Unreliable Entity List". The above-mentioned enterprises shall make payment in accordance with relevant laws and regulations within 15 days from the date of publication of this announcement. If this decision is not implemented within the time limit, the working mechanism of the Unreliable Entity List will take additional fines and other measures in accordance with the law.
Matters not covered in this announcement shall be implemented in accordance with the "Regulations on the List of Unreliable Entities".
This announcement comes into effect on the date of publication.
Working Mechanism of Unreliable Entity List
(Chapter of the Ministry of Commerce)
February 16, 2023
But why only ban two firms?
Why not sanction all the companies involved these sales?
Some how it makes it look like you are not serious and doing just for Chinese public conumption.
So the ban will be removed if they pay some fine?
Two companies for now for selling weapons to Taiwan. BOEING MIGHT BE NEXT.
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kankan326
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Yes. If they pay the fine, they will think again before selling arms to Taiwan.
Abdul Rehman Majeed
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Duh!
It only means that China will sell Taiwan if the price is right.
Why even ban these firms to start with.
It is not like China is running out of money.
I don't at all understand what is the whole point of this.
kankan326
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Selling weapons to Taiwan can not change any thing. China can defeat US itself if the war is in Taiwan and nearby. The fine is not about money. Not at all. Paying the fine will make a show case to the world that even American companies have to obey China's sanction. Which will damage US image of world leader. The consequence will be influential
Abdul Rehman Majeed
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I totally disagree.
This is akin to charging the neighbhor who fcked his wife.
Should he charge the neighbor a fee for the s3x he had or punch the neigbhor in his face.
I say latter is the way to go.
kankan326
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Dealing with international affairs should not be so rigid. Taiwan will not float away from China. Time is on China's side.
Abdul Rehman Majeed
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I understand time is with China but I do not understand the point of this useless excercise. This puts China in a poor light. It shows that China is weak.
mike2000 is back
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That's exactly the point. China knows they are still weak compared to the US. So they are realistic and pragmatic. I actually I admire this quality of their leadership. Why beat your chest or engage in something you know you can't win, or that you will lose more than your opponent just because you want to show some fake bravado. That's stupid, only emotional ideological regimes will do that. The US is still the world's sole superpower with powerful allies in Asia, Europe, Australia, Middle East etc. So until China can get to a position where they are not only more powerful than the US but also have forged enough ties and trade with other allies/partners who they can count on to keep trading/supplying them in the event of conflict with the US and its allies, then it will be silly for them to provoke the US and her allies into a conflict or even an economic war . Since China's biggest trade partners are by far with the US and its allies in Asia(Japan Taiwan, South Korea, Singapore etc), so any conflict will make these countries to be forced to cut this ties and will affect all this trade. So I believe the CCP knows this, reason they are so worried to provoke a conflict with the US despite all US actions surrounding China( putting patriots and balistic missiles in S.Korea which China protested and did nothing after) or expanding their military presence in Japan, reopening military base access in Philippines to counter China etc etc. In short the US has basically surrounded China with military facilities, bases, radars and defence equipments. There is not much China can do to be honest. They are still relatively weaker militarily than the US and they lack allies at all(much less strong ones), Plus they don't have a policy of getting involved outside their borders to shape geopolitical landscape to their benefits . So even the few countries who might be tempted to get closer to them won't do so, since no way China will ever get involved actively outside its border/neighbourhood into another country .
China will need decades to cultivate such relationships ad change its political institutions geared towards influencing foriegn countries to their benefit.
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