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Boeing Defense stock price declines significantly due to China's export controls by mid-2025?
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China•Ministry of Commerce•US•General Dynamics•Boeing Defense•Lockheed Martin•Chinese•Export Control Law•Unreliable Entity List•Taiwan•Lockheed Martin Missiles•Fire Control
Resolution / Starting Odds
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No • 50%
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Story
China Adds 28 US Defense Entities to Export Control List, Bans Dual-Use Exports and Targets 10 US Firms for Arms Sales to Taiwan
Jan 2, 2025, 08:46 AM
China's Ministry of Commerce has added 28 US entities to its export control list, prohibiting the export of dual-use items to these companies. The listed entities include major defense contractors such as General Dynamics, Boeing Defense, Space & Security, Lockheed Martin, and Raytheon Missiles & Defense. This move is in accordance with Chinese laws, including the Export Control Law and the Regulations on the Export Control of Dual-Use Items, aimed at safeguarding national security and fulfilling international non-proliferation obligations. Additionally, China has placed 10 US firms on its Unreliable Entity List for their involvement in arms sales to Taiwan, with companies such as Lockheed Martin Missiles and Fire Control and Raytheon/Lockheed Martin Javelin Joint Venture being named.
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