The Trump administration blacklisted Chinese smartphone manufacturer Xiaomi Corp. for alleged military links along with the country’s third-biggest oil company over its drilling in the South China Sea, part of a final push to ratchet up pressure on Beijing before President-elect Joe Biden takes office.
by Bloomberg
|Friday, January 15, 2021
The Trump administration blacklisted China s third-biggest oil company over its drilling in the South China Sea.
(Bloomberg) The Trump administration blacklisted Chinese smartphone manufacturer Xiaomi Corp. for alleged military links along with the country’s third-biggest oil company over its drilling in the South China Sea, part of a final push to ratchet up pressure on Beijing before President-elect Joe Biden takes office.
Xiaomi was one of nine firms added to the Defense Department’s list of Chinese military companies, a move that will restrict U.S. investments in its securities. Other firms include state-owned planemaker Commercial Aircraft Corp. of China Ltd., or Comac, which is central to China’s goal of creating a narrow-body plane that can compete with Boeing Co. and Airbus SE.
U.S. blacklists Xiaomi in widening assault against China technology
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Xiaomi Corp. plunged a record 10 per cent after the Trump administration blacklisted Chinaâs No. 2 smartphone maker and 10 other companies, broadening efforts to undercut the expansion of the countryâs technology sector.
The U.S. has targeted scores of Chinese companies for the stated purpose of protecting national security, but going after Xiaomi was unexpected. The Beijing-based company has been viewed as Chinaâs answer to Apple Inc., producing sleek smartphones that draw loyal fans with each new release. The company, which vies with Huawei Technologies Co. for the title of Chinaâs No. 1 mobile device brand, also makes electric scooters, earphones and smart rice cookers.
Strategic Metals Ltd. Drills 6.74 g/t Gold and 186 g/t Silver Over 7.25 metres at Mt. Hinton, Yukon
514
17.00 g/t gold over 1.56 m, in hole MH-20-032 (Granite North Zone);
and,
0.52 m grading
g/t gold, in hole MH-20-023 (Granite North Zone). Results from the Company s maiden drill program at Mt. Hinton have successfully confirmed the presence of a large, well mineralized, precious metal system consisting of numerous quartz veins containing coarse gold. stated Doug Eaton, President of Strategic. The recessive weathering nature of the veins, the complex structural setting and the irregular distribution of the gold have presented challenges, but additional drilling is definitely warranted to expand the areas of drill-confirmed mineralization and evaluate other promising targets elsewhere on this camp-scale project.
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