Saturday 28 November 2020
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scmp - 30 days ago

Boeing’s China aviation business in the spotlight after Beijing announces sanctions on defence unit

Aerospace giant Boeing is under the spotlight in China, the world’s fastest growing aviation market, after Beijing said it would sanction the Chicago-based firm’s defence subsidiary over arms sales to Taiwan.China’s foreign ministry said on Monday it would levy sanctions on US firms Boeing Defense, Lockheed Martin and Raytheon, just days after the US State Department approved a potential US$1.8 billion arms sale to Taiwan, which Beijing regards as a breakaway province that must be reunited with…


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