AsianFin -- China's Ministry of Commerce (MOC) said Tuesday that seven U.S. companies have been added to the unreliable entity list for selling arms to China's Taiwan region.
The decision was made by the unreliable entity list work mechanism in accordance with laws and regulations, the ministry said, adding that a series of restrictive measures targeting these U.S. companies have also been unveiled.
The companies in question are Inter-Coastal Electronics, System Studies & Simulation, IronMountain Solutions, Applied Technologies Group, Axient, Anduril Industries and Maritime Tactical Systems.
They are prohibited from engaging in China-related import or export activities, and from making new investments within China, according to the MOC.
Senior executives of these companies are banned from entering China, and their existing work permits and residency qualifications in China will be nullified. Additionally, no new permits or qualifications will be issued to these individuals, the MOC said.
In response to a media inquiry regarding the addition of the seven companies to the list, an MOC spokesperson said that the United States has recently been engaging in frequent weapon sales to China's Taiwan region, seriously undermining the one-China principle and violating the three joint communiques between China and the United States.
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