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Trump designates Xiaomi as ‘Communist Chinese military’ company – Source CNET Tech


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In the final days of his presidency, Donald Trump has moved against another Chinese tech giant. On Wednesday, the Trump administration officially added Xiaomi, along with eight other companies, to its list of “Communist Chinese military companies.”

Firms designated as Communist Chinese military companies by the Department of Defense are blacklisted from receiving investments from US citizens or organizations. If not overturned, the designation would mean existing investors within the US would need to divest from Xiaomi.

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Source CNET Tech

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