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U.S. Targets Xiaomi, Cnooc in Trump's Late Anti-China Push

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. ....

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US Targets CNOOC in Late Anti-China Push


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. ....

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Sustainable Industry Sustained by Forced Labor?


( JM Image Factory/Getty Images)
“Sustainability” has become a mantra of “stakeholder capitalism,” an expression of corporatism that has been around for longer than often realized but is clearly now having a moment. Well, more than a moment: Its new ascendancy is not going to pass any time soon.
Companies now tell anyone who is willing to listen about their plans to operate in a sustainable manner. Others, better still, like to boast of how their products will be assisting in the fight against climate change or otherwise are helping the planet “heal,” a positioning that makes them the darlings of “socially responsible” investors, as well as attractive plays for investors who aren’t too bothered by the environment but like the look of a bandwagon, especially when it is being pushed along by government, regulators, and institutions wanting to green their portfolios. ....

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