China’s Ministry of Commerce (MOC) announced on Thursday that ten U.S. companies have been added to its unreliable entities list due to their involvement in arms sales to the Taiwan region.
The companies include Lockheed Martin Missiles and Fire Control, Lockheed Martin Aeronautics, and Lockheed Martin Missile System Integration Lab, among others. According to the MOC announcement, these entities will face restrictions, including a prohibition on engaging in China-related import or export activities and a ban on making new investments in the Chinese mainland.
Senior executives from these companies will also be affected. The MOC stated that they will be barred from entering China, their work permits and visitor or residency statuses will be revoked, and any related applications they submit will not be approved.
The ministry emphasized that these companies have engaged in arms sales to the Taiwan region and have conducted cooperation on military technologies in recent years, despite China’s strong opposition. The MOC asserted that their actions severely undermine China’s sovereignty and territorial integrity, violate the one-China principle and the three China-U.S. joint communiques, and destabilize peace and stability across the Taiwan Straits. The companies will be held legally accountable for their actions, the ministry added.
Highlighting that the unreliable entities list targets only a few foreign entities that undermine China’s national security, the MOC reiterated that the Chinese government welcomes foreign companies to invest and expand their businesses in China. The ministry affirmed its commitment to providing a stable, fair, and predictable business environment for law-abiding companies operating in China.
Reference(s):
cgtn.com
