Sierra Nevada Corporation Among 9 Defense Contractors Sanctioned by China

The order freezes the companies' assets in the country and prohibits Chinese companies from conducting business with the contractors.

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China today announced sanctions on nine U.S. companies for selling arms to Taiwan. 

According to Xinhua, China's state-run media, the country took action against Sierra Nevada Corporation, Stick Rudder Enterprises, Cubic Corporation, S3 AeroDefense, TCOM, TextOre, Planate Management Group, ACT1 Federal and Exovera. 

The order, effective today, freezes the companies' assets in the country and prohibits Chinese companies from conducting business with the contractors.

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Chinese foreign ministry spokesperson Lin Jian said U.S. arms sales to Taiwan violate the one-China principle. While Beijing claims Taiwan as its territory and threatens to annex it by force, the country is self-ruled. 

The report adds that U.S. involvement, specifically providing arms, is the "biggest threat to peace and stability" in the region and "damages China-U.S. relations."

According to the AP, Taiwan is currently waiting for a range of U.S.-made assets, including Abrams tanks, F-16 fighter jets, and multiple types of missiles. The report says Taiwan has also been reviving its domestic arms industry. 

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