IP- Beijing sanctioned five US defense industry companies in response to a similar move by Washington, the Foreign Ministry spokesperson said Sunday.

Iran PressAsia:  The move is said to be a countermeasure to Washington’s decision to proceed with new arms sales to Taiwan, as well as unilaterally sanctioning Chinese businesses.

This comes after Washington approved a $300 million weapons sale to Taipei last month, ahead of Taiwan’s presidential and parliamentary elections on January 13, in which US-friendly Vice President Lai Ching-te of the ruling Democratic Progressive Party is the front-runner, according to recent polls.

Earlier in 2023, the administration of US President Joe Biden authorized a direct military transfer of $80 million to Taiwan under a program typically used for sovereign states, Reuters reported.

In a statement released on Sunday, the Foreign Ministry said the US sanctions imposed on Chinese companies and individuals “under various false pretexts” harm “China’s sovereignty and security interests, undermine the peace and stability across the Taiwan Strait.”


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