The Pentagon on Thursday added Xiaomi Corporation and eight other firms to the list of companies with alleged ties to the Chinese military in line with an executive order signed by US President Donald Trump. The outgoing Trump administration continues to pressure China in its final days, adding Chinese smartphone giant Xiaomi, whose handsets account for almost a quarter of India’s market, to a list of “Communist Chinese military companies”.
The Pentagon on Thursday added Xiaomi Corporation – which recently surpassed Apple to become the world’s third largest smartphone maker – and eight other firms to the list of companies with alleged ties to the Chinese military in line with an executive order signed by US President Donald Trump.
The other firms included aviation major Commercial Aircraft Corporation of China, China National Aviation Holding Co Ltd and Global Tone Communication Technology Co Ltd. “The Department [of Defense] is determined to highlight and counter the People’s Republic of China’s (PRC) Military-Civil Fusion development strategy, which supports the modernisation goals of the People’s Liberation Army (PLA) by ensuring its access to advanced technologies and expertise acquired and developed by even those PRC companies, universities, and research programs that appear to be civilian entities,” the Pentagon said in a brief statement.
Since the Pentagon first released the names of Chinese firms with alleged ties to the military in June 2020, a total of 44 companies have been added to the list. The executive order signed by Trump bars fresh American investments in the companies on the list, and existing US investors will have to divest their stakes in these firms by November this year.
TagsBlacklist Comac Trump Xiaomi Edit Post
