Air Freight News

China says US wrong to sanction firms on missile proliferation

China said it opposed sanctions by the U.S. on three Chinese companies accused of engaging in the proliferation of missile technology.

China will take necessary measures to safeguard the rights and interests of its enterprises, the Ministry of Commerce said in a statement on Saturday, adding that the U.S. should “immediately correct its wrongdoing.”

The U.S. government on Thursday sanctioned China Aerospace Science and Technology Corporation First Academy, China Aerospace Science and Industry Corporation Fourth Academy and Poly Technologies Incorporated, as well as all their sub units and successors. 

“China has always strictly fulfilled its international non-proliferation obligations,” the Ministry of Commerce said. “Without any factual basis, the U.S. has recklessly suppressed and sanctioned Chinese companies on ‘unnecessary’ grounds.”

Sanctions will harm interests of companies on both sides, disrupt normal international economic and trade order, and threaten the security and stability of global industrial and supply chains, the commerce ministry said.

Bloomberg
Bloomberg

© Bloomberg
The author’s opinion are not necessarily the opinions of the American Journal of Transportation (AJOT).

Similar Stories

https://www.ajot.com/images/uploads/article/AI_Middle-East-Conflict_insight.jpg
AI vertical among those most exposed to Middle East conflict
View Article
https://www.ajot.com/images/uploads/article/Signal_14_1.png
Signal Ocean Spotlight: Iron Ore – Disconnect between Chinese iron ore imports and steel production widens
View Article
https://www.ajot.com/images/uploads/article/global_softwood_markets.png
Europe and Russia: A region of contrasts shaping global softwood markets
View Article
https://www.ajot.com/images/uploads/article/American_Trailer_Manufacturers_Coalition.png
American Trailer Manufacturers Coalition applauds affirmative preliminary determination from DOC in AD/CVD trade case
View Article
DOE’s Office of Critical Minerals and Energy Innovation announces $134 million to bolster rare earth element supply chains

Selected projects will strengthen domestic rare earth supply chains, reduce reliance on foreign sources, and improve U.S. energy security.

View Article
https://www.ajot.com/images/uploads/article/Holly_McDade.jpeg
Merlo America welcomes new finance manager to support continued growth
View Article