BEIJING — China on Thursday announced rare sanctions against two U.S. defense companies over what it called their support for arms sales toThe announcement freezes the assets of General Atomics Aeronautical Systems and General Dynamics Land Systems held within China. It also bars the companies' management from entering the country.
Sanctions were leveled under Beijing's recently enacted Law of the People’s Republic of China on Countering Foreign Sanctions, aimed at retaliating against U.S.
Taiwan has also been investing heavily in its own defense industry, producing sophisticated missiles and submarines.
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