China US Photo: VCG
Global Times: China may restrict rare-earth imports, issue financial blockades over US arms sale to Taiwan: analysts
China announced to sanction firms including Lockheed Martin, Boeing Defense, Raytheon as well as individuals and entities that are involved in arms sales to the island of Taiwan.
The latest response with unprecedented scale and strength against firms, individuals and entities involved in the arms sale came after an event in China to commemorate a war against US aggression in Korea 70 years ago.
It sends a clear signal that China's decision-making won't be disturbed by the US and any acts that have undermined China's sovereignty, security and development interests are bound to face serious consequences, analysts said.
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WNU Editor: China knows these restrictions will have an impact ....
.... For instance, many of Lockheed Martin's key products, including F-35 fighter jets and Patriot missiles, rely on components made with rare earths, analysts said. China is the world's largest rare-earth exporter, and the US imports about 80 percent of the rare earth it needs from China, reports said.
This limit on rare earths exports will be in addition to these sanctions .... China To Impose Sanctions On The Defense Units Of Raytheon, Lockheed & Boeing For Their Arms Sales To Taiwan.
