World, Economy, Asia - Pacific
China to impose sanctions on US' Lockheed Martin over Taiwan
Beijing punishes defense company for arms sales to Taiwan, which it calls breakaway province
Riyaz ul Khaliq |
14.07.2020 - Update : 14.07.2020
ANKARA
China on Tuesday announced that it will impose sanctions on US' defense company Lockheed Martin for arms sale to Taiwan.
The decision was announced by the Foreign Ministry, daily Global Times reported.
"China will impose sanctions on Lockheed Martin for involvement in the latest US arms sale to Taiwan," the ministry said.
Lockheed Martin is reportedly the major contractor for Washington's $620 million package to upgrade Taiwan's Patriot surface-to-air missiles system.
Beijing considers Taiwan its breakaway province.
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