China Vows ‘Limited’ Use of Sanctions List for Foreign Firms

(Bloomberg) — China said it would limit the scope of a blacklist used to sanction foreign companies after deploying the tool for the first time against two U.S. defense giants.

The use of the measure “is strictly limited and aimed at very few foreign entities breaking the law,” the Ministry of Commerce said Friday in Beijing in a question-and-answer document. That was after it added Lockheed Martin Corp. and a subsidiary of Raytheon Technologies Corp. to a list of “unreliable entities” for selling weapons to Taiwan.