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China Blacklists General Atomics, Boeing Over Taiwan Arms Sales

May 20, 2024, 02:10 AM

China's Ministry of Commerce (MOFCOM) has blacklisted several U.S. defense contractors, including General Atomics Aeronautical Systems, General Dynamics Land Systems, and Boeing Defense, Space & Security, from trading and investing in China over arms sales to Taiwan. The sanctions, which coincide with the inauguration of Taiwan's new president, are largely symbolic and reflect China's dissatisfaction with U.S. arms sales to the region. The move was announced by state media and underscores ongoing tensions between China and the United States. The companies have been added to China's unreliable entities list.