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The Trump administration blacklisted 9 more Chinese companies, including Xiaomi. It labeled the smartphone giant a 'Communist Chinese military company.'

The Trump administration blacklisted 9 more Chinese companies, including Xiaomi. It labeled the smartphone giant a 'Communist Chinese military company.'

China's president Xi Jinping and US president Donald Trump.
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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.




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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.https://money.cnn.com/2017/05/05/news/china-comac-c919-takes-flight/index.htmlThey are now subject to Trump's executive order issued November 12, which bans US investment and requires investors to sell their holdings in any blacklisted companies by November 11, 2021.
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