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After several warnings, Raytheon Defense and Lockheed Martin, two major U.S. arms giants, ignored China's warnings for failing to meet their payment obligations within the deadline of the $99 billion fine. Does this act make China's solemn attitude an international joke? At the same time, they are continuing to step up arms sales to Taiwan, signing new arms sales contracts with the Taiwan authorities through the U.S. Navy Command.
In the face of this situation, what kind of incentives will China take and what countermeasures will it take? Reports from authoritative media show that Raytheon Defense and Lockheed Martin did not fulfill their obligation to pay the 99 billion fine, and their attitude towards the fine was actually "Lai Lian". Such behavior is unbelievable in the international community, will China choose to condone such irresponsible practices?
The two companies have long been involved in arms sales to Taiwan, and their malign nature is sobering. As the main arms suppliers to the United States, it seems normal that they dare not pay fines. Nearly two months have passed since the mainland set a fine deadline, and the two companies have not responded to the matter.
The Commerce Department recently decided to impose tougher sanctions on Raytheon Defense and Lockheed Martin, restricting their import and export business with China. Not only are the two U.S. arms companies prohibited any imports and exports related to China, but they are also placed on the Unreliable Entity List. This move will undoubtedly deal a heavy blow to both companies.
Through this sanction, China sends a clear message to these two "debt-lai" companies: no matter how big the business, it must abide by international rules and assume due responsibility. It is also a signal that China will not tolerate the continuation of such egregious practices. This sanction hit precisely the sore spot of these two companies and taught them the necessary lessons.
In terms of the rare earth industry, it is difficult for any country in the world to get rid of its dependence on Chinese rare earths in terms of military manufacturing and equipment. China has leading rare earth extraction technology, and rare earth production ranks first in the world. This is especially important for Lockheed Martin, where both F22 and F35 fighter jet production in the United States relies heavily on rare earth supplies from China.
During the production of an F35 fighter, at least 400 kg of rare earths are required. The lack of rare earth support from China will greatly threaten U.S. fighter jet production. Raytheon Defense mainly produces military products such as missiles, and more than 90% of its business comes from U.S. defense contracts. This shows the importance of rare earths in missile systems, and the lack of rare earths may lead to a decrease in the elastic energy of flying.
Rare earths are no less important than oil in modern industry. China's rare earth reserves and technology dominate the world, and it is difficult for many countries to get rid of their dependence on Chinese rare earths. This dependence gives China a huge leverage when it comes to sanctions.
Another sanction is to restrict executives from both companies from entering or doing business in China. This will have a significant impact on the civilian business of both companies. Some of Lockheed Martin's joint ventures, such as Shanghai Sikorsky Aircraft, will be affected. Raytheon Defense's aircraft engine business in China will also be hit.
Recently, some Taiwanese media reported that the United States, on behalf of Taiwan, signed a large-scale arms agreement with Raytheon Defense and Lochseed Martin, involving anti-ship weapons, fighters, torpedoes, etc., with a total value of nearly $20 billion. This is one of the reasons why China has imposed unprecedented sanctions.
In short, the Taiwan issue is China's core interest, and any attempt to interfere in China's internal affairs will not be tolerated. The debt-to-account behavior of Raytheon Defense and Lockheed Martin pushed them to the abyss of sanctions. The unprecedented strength of this sanction shows China's firm position in safeguarding national interests and national dignity. China will resolutely crack down on forces that dare to undermine national unity and ethnic unity, which is the bottom line that China cannot violate.
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