WASHINGTON: The Trump administration on Thursday added nine Chinese firms to a blacklist of alleged Chinese military companies, including planemaker Comac and mobile phone maker Xiaomi, according to a document seen by Reuters.
The companies will be subject to a new U.S. investment ban which forces American investors to divest their holdings of the blacklisted firms by Nov. 11, 2021.The Chinese Embassy in Washington, Xiaomi and Comac did not immediately respond to requests for comment. The expanding blacklist is part of a bid by President Donald Trump to cement his tough-on-China legacy in the waning days of his presidency.
It was mandated by a 1999 law requiring the Defense Department to compile a catalogue of companies owned or controlled by the Chinese military. The Pentagon, which only began complying this year, has so far added 35 companies, including oil giant CNOOC and China's top chipmaker SMIC. In November, Trump sought to give the law teeth by signing an executive order banning U.S. investment of the blacklisted firms.
BoycottChina
They are not private companies at all. They are all controlled by CCP.
Great news
shiroihamusan Don't use China-made tech products. They are stealing your privacy.
MI …. stands for Military?
Enterprises controlled by the CCP are dangerous, especially many of them have military backgrounds. These companies help the CCP to disrupt the balance of the world, and we should no longer invest in them so as not to promote their further growth😬
Trump's trade war was a total disaster, for the US. China to US export increased after trump tariffs and bans. Trump should just give up and exit quietly.
These Chinese companies are part of Chinese military sys, they shouldn't be considered as private companies in the first place Time to correct the wrong
Lo
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