BEIJING—China said Monday that it has decided to impose sanctions on US 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 US arms exports to the democratic island will be also punished, Chinese Foreign Ministry spokesman Zhao Lijian told reporters, but he did not elaborate on what kind of sanctions would be levied against them.
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