China’s newly announced sanctions against a principal American defense contractor may have been done more for political effect than economic punishment.
China’s newly announced sanctions against a principal American defense contractor may have been done more for political effect than economic punishment.
On Tuesday, China said it would sanction Lockheed Martin Corp. LMT, 2.92%, which produces America’s top fighter planes, after the U.S. government approved a $620 million arms sale to Taiwan.
On Tuesday, China said it would sanction Lockheed Martin Corp. LMT, 2.92%, which produces America’s top fighter planes, after the U.S. government approved a $620 million arms sale to Taiwan.