Summary
China has imposed an export ban on dual-use products to 28 U.S. defense contractors, including Lockheed Martin, Raytheon, Boeing, and General Dynamics, in retaliation for U.S. arms sales to Taiwan.
Ten firms were barred from trade and investments in China.
Beijing condemned the arms sales, citing violations of the One China principle and threats to Taiwan Strait stability.
The ban follows Taiwan’s recent receipt of advanced U.S. military equipment, including Abrams tanks, as the island bolsters its defenses against China’s military activities.
Oh no, you’ve never read theory or anything even marginally related to economics from anything but a corporatist perspective.
I’m so sorry.
Anyway this discussion is above you. China is a socialist state. They are a dictatorship of the proletariat, not of capital. Their economy is centrally planned. Their economy is 60% publicly owned. The part of the economy that is a private market has nothing to do with anything essential to life. No part of Marx nor Lenin’s work precludes a market economy. Not one single part.
Read your theory.