China sanctions Lockheed, Raytheon after vowing to retaliate against US restrictions
" Hong Kong CNN — China has imposed sanctions on two American defense manufacturers over arms sales to Taiwan, a day after Beijing pledged to take “countermeasures” in response to Washington’s handling of a suspected Chinese surveillance balloon that entered US airspace late last month. Lockheed (LMT) Martin Corporation and Raytheon (RTN) Missiles & Defense, a subsidiary of Raytheon (RTN) Technologies Corp, will be added to China’s sanctions list, its Ministry of Commerce said in a Thursday statement. They are banned from importing, exporting and investing in China. "
Reference: www.cnn.com .