China’s Media Hints at Sanctioning U.S. Defense Firms Over Taiwan

  • People’s Daily singles out General Dynamics, Honeywell, others
  • Foreign Ministry says China will punish firms if deal happens
China to Sanction U.S. Firms Involved in Any Taiwan Arms Deal
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Chinese state media raised the specter of backlash against U.S. companies including General Dynamics Corp. and Honeywell International Inc, as the foreign ministry warned firms would be sanctioned if a potential $2 billion arms sale to Taiwan goes ahead.

Firms including General Dynamics, Honeywell, Oshkosh Corp., Raytheon Co. and the Pennsylvania operations of BAE Systems were cited as having been involved in recent arms sales to Taiwan. The Communist Party’s flagship People’s Daily newspaper said their non-defense businesses in China may be “boycotted” in an article circulated on WeChat, without specifying what that would entail. State broadcaster CCTV and news agency Xinhua carried similar stories.