I was hoping the moves would be against bigger fish like Lockheed Martin or Boeing, but this is a start.
Pursuant to Articles 3, 4, 6, 9 and 15 of China's Anti-Foreign Sanctions Law, China decided to take the following countermeasures against Sierra Nevada Corporation, Stick Rudder Enterprises LLC, Cubic Corporation, S3 AeroDefense, TCOM, Limited Partnership, TextOre, Planate Management Group, ACT1 Federal and Exovera:
Their movable, immovable and all other types of property in China will be frozen.
Organizations and individuals in China will be prohibited from engaging in transactions, cooperation or other activities with the above-mentioned enterprises.
The decision will become effective from Sept 18, 2024.
They'll probably go after companies that supply critical components to the big fish. This is just as painful, but doesn't raise as much alarm in US meaning the US will be slower to react.
I was hoping the moves would be against bigger fish like Lockheed Martin or Boeing, but this is a start.
They'll probably go after companies that supply critical components to the big fish. This is just as painful, but doesn't raise as much alarm in US meaning the US will be slower to react.
That would be a brilliant strategy. No need to cut off the head of the snake if you can starve it.