Nine Chinese Companies, Including Xiaomi, Were Blacklisted In US
Nine Chinese companies, including Xiaomi, were blacklisted in America, this is the reason. The Donald Trump administration has taken a major decision against China on the last day of its tenure.
Trump has blacklisted a total of nine Chinese companies, including Xiaomi. These companies have been accused of colluding with the Chinese military.
The Trump administration has prominently highlighted the People’s Republic of China Military-Civil Fusion Development Strategy, moderating the People’s Liberation Army (PLA).
This will meet the need for advanced technology and development. These companies have been banned Among the companies banned by the Trump administration, the names of Chinese smartphone company Xiaomi and oil producer Cnooc figure prominently.
Most of the blacklisted companies are aviation, aerospace, telecommunications, construction. Companies blacklisted by the Trump administration will not be able to invest in the US.
Also, these companies will have to reduce their earlier investment by 11 November 2021. In addition, the state owned planemaker is Commercial Aircraft Corporation of China Limited.
Companies such as Huawei and ZTE have already been banned from the telecom sector by the Trump administration. The government has labeled Xiaomi company as Communist Chinese Military Company.
These apps have been banned The Chinese plane manufacturer makes superior planes with a narrow body. It is believed to compete with American plane manufacturers Boeing and Airbus.
At the same time, the direct competition of Xiaomi has overtaken the American famous company Apple Inc. According to the news agency Bloomberg, the Chinese Cnooc company searches for oil in the deep ocean.
On January 6, 9 apps such as WeChat Pay, Alipay were banned by passing an executive order on behalf of the Trump administration. Earlier, the Trump administration included a cam scanner, QQ wallet, SHAREit, Tencent QQ, VMate, WeChat Pay, and WPS Office.
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