Beijing imposed sanctions on Friday against 20 U.S. defense-related companies and 10 executives, a week after Washington annoucned large-scale arms sales to Taiwan. The sanctions entail freezing the companies’ assets in China and banning individuals and organizations from dealing with them,

The sanctions entail freezing the companies’ assets in China and banning individuals and organizations from dealing with them, according to the Chinese foreign ministry. To continue reading, log in or subscribe.

China announced largely symbolic sanctions against 20 US defense companies and 10 executives, signaling its anger over Washington’s latest arms sales to Taiwan while stopping short of a broader escalation.

China's foreign ministry announced sanctions on Friday targeting 10 individuals and 20 U.S. defence firms, including Boeing's St. Louis branch, over arms sales to Taiwan.

China's foreign ‌ministry announced ​sanctions on Friday ‍targeting 10 individuals ​and ​20 ⁠U.S. defence firms, including Boeing's St. Louis branch, over ‌arms sales to ​Taiwan. The measures ‌freeze ‍any assets ⁠the companies and individuals hold in China and bar domestic ​organisations and individuals from doing business with them,

The announcement of the U.S. arms sale to Taiwan, valued at more than $10 billion, has drawn the ire of Beijing.

The imposed sanctions are largely symbolic, as American defense firms' business with China is extremely limited.

China's foreign ministry said Friday it is imposing sanctions targeting 20 U.S. defense-related companies and 10 executives, a week after the Trump administration announced more than $11 billion in arms sales to Taiwan.