China blacklists seven US firms for involvement in Taiwan arms sales

The Chinese commerce ministry said on Tuesday that it had added seven US companies to its so-called "Unreliable Entity List" for their involvement in arms sales to Taiwan, which China regards as part of its territory, Report informs via Reuters.

Effective from Tuesday, the blacklisted companies, which include Inter-Coastal Electronics, will be banned from exporting to and importing from China or making new investments in the country, according to the commerce ministry.