News Snapshot:
China's president Xi Jinping and US president Donald Trump. Getty The Trump administration has added nine Chinese companies to a blacklist, including smartphone maker Xiaomi . The US Defense Department labeled the firms "communist Chinese military companies." Americans now cannot invest in them. Huawei, another smartphone giant, is already on the list. Smartphone maker Xiaomi and eight other Chinese firms have been added to a Trump administration blacklist, just days before President-elect Joe Biden takes office. The US Defense Department released a statement on Thursday confirming that nine Chinese companies have been labeled as "communist Chinese military companies," meaning Americans...
