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Does China's sanctions against Loma affect its company?
It has a certain effect. In order to safeguard national interests, China decided to take necessary measures to impose sanctions on Lockheed Martin, the main contractor of the arms sales case. Lockheed Martin is an American company with business in China. If China explicitly imposes sanctions on it, it will definitely have an effect, which means that the company's business activities in China will be restricted.

Lockheed Martin's business in China will also be affected, including aircraft, satellites and other fields. However, with the rapid development of related industries in China, China enterprises are fully capable of producing products that can replace Lockheed Martin.

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China decided to impose sanctions on Lockheed Martin.

In July 2020, the State Council has approved the provision of Patriot -3 missile-related equipment and technology to Taiwan Province Province.

On July 4, 2020/KLOC-0, Zhao, spokesman of the Ministry of Foreign Affairs, said that China firmly opposed the US arms sales to Taiwan and urged the US to earnestly abide by the one-China principle and the provisions of the three joint communiques and stop the arms sales to Taiwan and the US-Taiwan military relations.

Fujian People's Congress Network-Ministry of Foreign Affairs: China has decided to impose sanctions on Lockheed Martin.