Skip to Content Facebook Feature Image

China takes countermeasures against US military-related companies, senior executives

China

China

China

China takes countermeasures against US military-related companies, senior executives

2025-12-26 17:50 Last Updated At:21:37

China on Friday announced its decision to take countermeasures against U.S. military-related companies and senior executives who were involved in large-scale arms sales to China's Taiwan Region.

"The United States recently announced its large-scale arms sales to China's Taiwan Region. This seriously violates the one-China principle and the three China-U.S. Joint Communiques, interferes in China's internal affairs, and undermines China's sovereignty and territorial integrity," said the decision posted on the website of the Ministry of Foreign Affairs.

Pursuant to relevant Articles of the Law of the People's Republic of China on Countering Foreign Sanctions, China decides to take countermeasures against 20 U.S. military-related companies and 10 senior executives, said the decision, which has come into force on Friday.

For the 20 companies including Northrop Grumman Systems Corporation, L3Harris Maritime Services, Boeing in St. Louis, Gibbs and Cox, Inc., Advanced Acoustic Concepts, VSE Corporation, Sierra Technical Services, Inc., and Red Cat Holdings, Inc., their movable and immovable properties, and other kinds of assets within China shall be frozen; and all organizations and individuals within China shall be prohibited from engaging in transaction, cooperation and other activities with them, said the decision.

For the 10 senior executives including Palmer Luckey, founder of Anduril Industries; John Cantillon, vice president of L3Harris Technologies, Inc., vice president and principal accounting officer of L3Harris Maritime Services; and Michael J. Carnovale, president and CEO of Advanced Acoustic Concepts, their movable and immovable properties, and other kinds of assets within China shall be frozen; all organizations and individuals within China shall be prohibited from engaging in transaction, cooperation and other activities with them; and they shall be denied visas or entry into China (including Hong Kong and Macao), according to the decision.

"In response to the latest U.S. announcement of large-scale arms sales to China's Taiwan region, China has decided to take countermeasures in accordance with the Anti-Foreign Sanctions Law against 20 U.S. military-related companies and 10 senior executives who have engaged in arming Taiwan in recent years," said a Chinese Foreign Ministry spokesperson.

The spokesperson stressed once again that the Taiwan question is at the very core of China's core interests and the first red line that must not be crossed in China-U.S. relations. "Anyone who attempts to cross the line and make provocations on the Taiwan question will be met with China's firm response. Any company or individual who engages in arms sales to Taiwan will pay the price for their wrongdoing. No country or force shall ever underestimate the resolve, will and ability of the Chinese government and people to safeguard national sovereignty and territorial integrity," said the spokesperson.

China once again urges the United States to abide by the one-China principle and the three China-U.S. joint communiques, act on the commitment of the U.S. leader, stop the dangerous moves of arming Taiwan, stop undermining peace and stability in the Taiwan Strait, and stop sending wrong signals to "Taiwan secession" separatist forces. China will continue to take resolute measures to firmly defend its national sovereignty, security and territorial integrity, said the spokesperson.

China takes countermeasures against US military-related companies, senior executives

China takes countermeasures against US military-related companies, senior executives

China takes countermeasures against US military-related companies, senior executives

China takes countermeasures against US military-related companies, senior executives

The Central Bank of Egypt (CBE) on Thursday lowered its key interest rates by 100 basis points, or 1 percent, the CBE reported.

The CBE said in a statement that its Monetary Policy Committee (MPC) decided to cut the deposit rate to 20 percent, the lending rate to 21 percent, and the rate of the main operation to 20.5 percent, while also reducing the discount rate to 20.5 percent.

"This decision reflects the committee's updated assessment of inflation dynamics and outlook since the previous MPC meeting," it said.

According to an earlier CBE report, annual urban headline inflation in Egypt eased slightly to 12.3 percent in November, down from 12.5 percent in October, driven by a slowdown in food price inflation, which declined to 0.7 percent in November from 1.5 percent a month earlier.

This marks the fifth interest rate cut by Egypt's central bank so far this year.

Egypt cuts key interest rates by 1 pct as inflation slightly down

Egypt cuts key interest rates by 1 pct as inflation slightly down

Recommended Articles