Overview

• China has announced export controls on 28 US defense companies, including Lockheed Martin, Raytheon, and General Dynamics.
• The restrictions prohibit the export of dual-use goods that have both civilian and military applications to these firms.
• Affected companies are also placed on a 'non-reliable entities' list, barring them from investing in China and restricting travel for their executives.
• China stated the measures are in response to US arms sales to Taiwan, which Beijing considers part of its territory.
• The announcement coincides with the upcoming inauguration of US President-elect Donald Trump, who is expected to adopt a tougher trade stance against China.