'Another China Crackdown' US Government Sanctions 9 Chinese Companies Including Xiaomi

[Image source=Reuters Yonhap News]

[Asia Economy New York=Correspondent Baek Jong-min] With less than a week remaining in his term, the Donald Trump administration in the United States on the 14th (local time) added nine companies, including Chinese smartphone manufacturer Xiaomi, to the 'blacklist.'

The U.S. Department of Defense explained the background of this measure, stating that the nine companies, including Xiaomi and the state-owned aircraft manufacturer Commercial Aircraft Corporation of China (COMAC), are suspected of being used for China's military purposes.

Investments by Americans in these companies are prohibited, and existing investors must divest their shares by November 11.

So far, 31 Chinese companies have been placed on the blacklist. In December last year, the Department of Defense newly added SMIC, CNOOC, China International Electronic Commerce Center (CIECC), China Construction Technology (CCT), and others to the blacklist.

Secretary of State Mike Pompeo stated in a press release that day, "We are imposing additional sanctions, including visa restrictions, on Chinese Communist Party and People's Liberation Army officials and executives of state-owned enterprises involved in illegal activities related to the militarization of the South China Sea."

This content was produced with the assistance of AI translation services.