The FINANCIAL — Boeing China said it had not yet received any formal notification on sanctions from China over the United States' decision to sell arms to Taiwan, Xinhua said on February 1.
"Boeing, which entered the Chinese market 38 years ago, currently accounts for 50% of commercial aircraft sales to China. The company was on the list of suppliers involved in Washington's plan to sell $6.4 billion worth of weapons to de facto independent Taiwan, which China considers an integral part of its territory," RIA Novosti informs.
Boeing China's communications director Wang Yukui told Xinhua the company's main business in China was commercial aircraft.
The Barack Obama administration announced a decision to sell Patriot missiles, Black Hawk helicopters and minesweepers to the island last Friday, fueling strains in relations with the world's third largest economy.
The following day after the announcement, China threatened to impose sanctions against U.S. firms that plan to sell arms to Taiwan. Beijing also announced the suspension of military contacts with the United States and demanded the sale be canceled.
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