Overview
- The Foreign Ministry said the measures take effect December 26 and target 20 companies tied to U.S. defense exports to Taiwan.
- The MFA named firms including Northrop Grumman, L3Harris Maritime Services, Boeing in St. Louis, Gibbs & Cox, and drone makers such as Teal.
- All assets of the listed companies located in China are frozen with Chinese organizations and individuals barred from transactions or cooperation.
- Ten executives connected to some of the companies face asset freezes and entry bans covering mainland China, Hong Kong and Macau.
- The move follows U.S. approvals exceeding $11 billion for Taiwan weapons and services such as Javelin missiles, HIMARS launchers and ALTIUS drones, as Chinese officials warn of rising risk in the Taiwan Strait and Taiwan outlines an additional $40 billion defense budget.