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US blacklists Xiaomi, CNOOC, Skyrizon, elevating warmth on China
The US authorities has blacklisted Chinese smartphone maker Xiaomi Corp. 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 Department of Defense added 9 firms to its checklist of Chinese firms with army hyperlinks, together with Xiaomi and state-owned airplane producer Commercial Aircraft Corp. of China (Comac).
US traders must divest their stakes in Chinese firms on the army checklist by November this yr, in response to an govt order signed by Trump in November.
Xiaomi didn’t instantly reply to a request for remark. Xiaomi Corp. overtook Apple Inc. because the worlds No. 3 smartphone maker by gross sales within the third quarter of 2020, in response to knowledge by Gartner. Xiaomis market share has grown as Huaweis gross sales have suffered after it was blacklisted by the U.S. and its smartphones have been minimize off from important companies from Google.
READ MORE: ‘Trump has crossed harmful purple line’: China enraged over US transfer on Taiwan
Separately, the Commerce Department put China National Offshore Oil Corp. (CNOOC) on the entity checklist, an financial blacklist that forbids U.S. corporations from exporting or transferring expertise with the businesses named except permission has been obtained from the U.S. authorities. The transfer comes after about 60 Chinese firms have been added to the checklist 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 nations together with Vietnam, the Philippines, Brunei, Taiwan, and Malaysia.
“China’s reckless and belligerent actions in the South China Sea and its aggressive push to acquire sensitive intellectual property and technology for its militarisation efforts are a threat to U.S. national security and the security of the international community,” U.S. Commerce Secretary Wilbur Ross mentioned in a press release.
“CNOOC acts as a bully for the Peoples Liberation Army to intimidate Chinas neighbors, and the Chinese military continues to benefit from government civil-military fusion policies for malign purposes,” Ross mentioned. CNOOC didn’t instantly remark.
Chinese state-owned firm Skyrizon was additionally added to the financial blacklist, for its push to “acquire and indigenise foreign military technologies,” Ross mentioned. Beijing Skyrizon Aviation, based by tycoon Wang Jing, drew U.S. criticism for an try and take over Ukraines army plane engine maker Motor Sich in 2017. The concern was that superior aerospace expertise would find yourself getting used for army functions.
READ MORE: Alipay to WeChat Pay: Trump orders ban on transactions with 8 extra Chinese apps
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