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#Sanctions the U.S #sanctions Boeing #737max
At a regular press conference of the Chinese Ministry of Foreign Affairs on September 16, spokesman Mao Ning announced that China has decided to sanction one CEO each of Raytheon Technologies and Boeing Defense. The move is seen as China’s response to U.S. actions against Taiwan.
On September 14, the U.S. Senate Foreign Affairs Committee passed the “Taiwan Policy Act”, which proposes to vigorously strengthen military assistance to Taiwan. The bill will be submitted to the Senate for a vote. Earlier, the U.S. State Department approved an agreement on September 2 to sell military equipment to Taiwan, with arms sales to Taiwan amounting to $1.106 billion. This is also the sixth arms sale to Taiwan since Biden took office, and the scale is also higher than the previous five. The agreement was orchestrated by Raytheon Technologies and Boeing Defense, Space and Security.
Chinese Foreign Ministry spokesman Mao Ning said that the sale of arms to Taiwan by the United States seriously violated the one-China principle and the three Sino-US joint communiqués, especially the “August 17” communique, and seriously damaged China’s sovereignty and security interests. Sanctions were imposed on Hayes, chairman and CEO of Raytheon Technologies, and Calbert, president and CEO of Boeing Defense, who participated in the arms sale. The U.S. sale includes 60 anti-ship missiles and 100 air-to-air missiles. The main contractors are Boeing Defense and Raytheon Technologies, both of which are owned by Boeing. These two companies are also major representatives of U.S. military-industrial interest groups.
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