First 100 Days: The Upended U.S.-China Trade Landscape
BY
January 21, 2021
W
hen President Joe Biden settles into the Oval Office and his attention eventually turns to China, the most immediate issues on his desk will be a jumbled and confusing pile of Trump administration executive actions.
In just a few months, the Trump administration announced restrictions on business with some of China’s biggest technology companies: telecom equipment maker Huawei, major semiconductor manufacturer Semiconductor Manufacturing International Corporation (SMIC), leading commercial drone maker DJI, powerhouse payment apps Alipay and WeChat Pay, and social media stalwarts TikTok and WeChat. Then there’s the delisting and pending divestment in certain Chinese securities and the blacklisting of hundreds of Chinese entities believed to have connections to the Chinese military, the internment of Uyghurs in Xinjiang, island building in the South China Sea, or the crackdown on democracy in Hong Kon
The device maker has released a statement saying that it is not a Communist Chinese military company.
January 18, 2021 00:31 GMT (16:31 PST) | Topic: Security
Xiaomi has released a statement saying it has no ties with the Chinese military, following allegations by the US government that it does. The company confirms that it is not owned, controlled, or affiliated with the Chinese military, and is not a Communist Chinese military company defined under the NDAA, the company said in a statement on Friday.
The company further added that the company has been operating in compliance with the relevant laws and regulations of jurisdictions where it conducts its business .
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The Trump administration has added nine Chinese companies to a blacklist, including smartphone maker Xiaomi.
The US Defense Department labeled the firms communist Chinese military companies. Americans now cannot invest in them.
Huawei, another smartphone giant, is already on the list.
Smartphone maker Xiaomi and eight other Chinese firms have been added to a Trump administration blacklist, just days before President-elect Joe Biden takes office.
The US Defense Department released a statement on Thursday confirming that nine Chinese companies have been labeled as communist Chinese military companies, meaning Americans cannot invest in them.
Xiaomi, one of the world s biggest and fastest-growing phone manufacturers, was added alongside state-owned Chinese plane maker Commercial Aircraft Corporation of China and the airline Grand China Air.