News Analysis Beijing on March 10 announced that it will retaliate if the United States attempts to sanction Chinese firms over the current conflict between Russia and Ukraine. “In the process of settling relations with the Russian Federation, the US is not entitled to impose so-called sanctions against Chinese companies and individuals,” Chinese Foreign Ministry spokesman Zhao Lijian reportedly said on Thursday. “Otherwise, China will provide a resolute and serious response.” Zhao’s warning was likely in response to statements made the day before by U.S. Commerce Secretary Gina Raimondo. Speaking to The New York Times, Raimondo warned Beijing of the severe repercussions that Chinese companies would face if they attempt to “aid” Russia. The United States has previously stated that any attempt to engage in economic activity that helps Russia to evade sanctions will be met with retaliatory measures. In other words, if Beijing undermines the U.S. attempt to punish …