China says it will impose sanctions on Boeing and Lockheed Martin over Taiwan arms sales

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Hong Kong (CNN Business)Beijing said Monday that it will impose sanctions on American companies — including Lockheed Martin, Boeing, and Raytheon — that have been involved in selling weapons to Taiwan. Speaking at a press conference Monday, Chinese Ministry of Foreign Affairs spokesperson Zhao Lijian called on the United States to stop selling arms to the self-governed island and to cut military ties with the government in Taipei. The sanctions are just the latest escalation in growing tensions between the United States and China...

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