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China to sanction U.S. aerospace and defense contractor Lockheed Martin

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China’s Foreign Ministry on Tuesday announced it will impose sanctions on U.S. aerospace and defense contractor Lockheed Martin for involvement in the latest U.S. arms sale to Taiwan region.

“China resolutely opposes U.S. arms sales to Taiwan region and urges the U.S. to abide by one-China principle and the three China-U.S. joint communiques,” Chinese Foreign Ministry Spokesperson Zhao Lijian said at a regular press conference.

“U.S. should stop military contact with Taiwan region including arms sales, so as not to further damage Sino-U.S. relations as well as peace and stability across the Taiwan Strait,” he said.

Zhao noted that in order to safeguard national interests, China decided to take necessary measures to impose sanctions on Lockheed Martin, the main contractor involved in the U.S. arms sale to Taiwan region.

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