Xiaomi, 8 Extra Chinese language Corporations Blacklisted by US Authorities Over Alleged Army Hyperlinks

The US authorities has blacklisted Chinese language smartphone maker Xiaomi and China’s third-largest nationwide oil firm for alleged army hyperlinks, heaping stress on Beijing in President Donald Trump’s final week in workplace.

The Division of Protection added 9 firms to its listing of Chinese language firms with army hyperlinks, together with Xiaomi and state-owned aircraft producer Industrial Plane of China (Comac).

US traders should divest their stakes in Chinese language firms on the army listing by November this yr, in line with an govt order signed by Trump in November.

Xiaomi tweeted a clarification assertion, saying that it’s “not owned, managed, or affiliated with the Chinese language army.” It stated that the corporate will take “acceptable plan of action” to guard the pursuits of its stakeholders.

Xiaomi overtook Apple because the world’s No. 3 smartphone maker by gross sales within the third quarter of 2020, in line with information by Gartner. Xiaomi’s market share has grown as Huawei’s gross sales have suffered after it was blacklisted by the US and its smartphones had been lower off from important companies from Google.

Individually, the Commerce Division put China Nationwide Offshore Oil Corp. (CNOOC) on the entity listing, an financial blacklist that forbids US companies from exporting or transferring expertise with the businesses named except permission has been obtained from the US authorities. The transfer comes after about 60 Chinese language firms had been added to the listing in December, together with drone maker DJI and semiconductor agency SMIC.

CNOOC has been concerned in offshore drilling within the disputed waters South China Sea, the place Beijing has overlapping territorial claims with different international locations together with Vietnam, the Philippines, Brunei, Taiwan, and Malaysia.

“China’s reckless and belligerent actions within the South China Sea and its aggressive push to amass delicate mental property and expertise for its militarisation efforts are a risk to US nationwide safety and the safety of the worldwide group,” US Commerce Secretary Wilbur Ross stated in an announcement.

“CNOOC acts as a bully for the Individuals’s Liberation Military to intimidate China’s neighbours, and the Chinese language army continues to profit from authorities civil-military fusion insurance policies for malign functions,” Ross stated.

CNOOC didn’t instantly remark.

Chinese language state-owned firm Skyrizon was additionally added to the financial blacklist, for its push to “purchase and indigenise overseas army applied sciences,” Ross stated.

Beijing Skyrizon Aviation, based by tycoon Wang Jing, drew US criticism for an try to take over Ukraine’s army plane engine maker Motor Sich in 2017. The priority was that superior aerospace expertise would find yourself getting used for army functions.

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