BEIJING, Jan 2 (Reuters) - The Chinese commerce ministry said on Thursday that it had added 10 U.S. companies to its so-called "Unreliable Entity List" for their involvement in arms sales to Taiwan, which China regards as part of its territory.
Effective from Thursday, the blacklisted companies, which include various units of Lockheed and General Dynamics, will be banned from exporting to and importing from China or making new investments in the country, according to the commerce ministry.
(Reporting by Ryan Woo; Editing by Kim Coghill)
((Ryan.Woo@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.