News Snapshot:
The US government has blacklisted Chinese smartphone maker Xiaomi Corp. and China’s third-largest national oil company for alleged military links, heaping pressure on Beijing in President Donald Trump’s last week in office. The Department of Defense added nine companies to its list of Chinese companies with military links, including Xiaomi and state-owned plane manufacturer Commercial Aircraft Corp. of China (Comac). US investors will have to divest their stakes in Chinese companies on the military list by November this year, according to an executive order signed by Trump in November. According to a statement by a Xiaomi spokesperson, "The Company has...
