The Pentagon has included Xiaomi to the blacklist of Chinese companies.
According to the newspaper, a total of nine Chinese companies fell under the new restrictions, which, according to Washington, are associated with the military industry of the PRC. They include one of the world’s largest manufacturers of smartphones Xiaomi and the Chinese Commercial Aviation Corporation (COMAC).
It is noted that these companies will be covered by the decree of U.S. President Donald Trump on the prohibition of U.S. investment in military-related Chinese firms. According to the document, American investors must get rid of these assets by November 11 this year.
Earlier, Trump also imposed new sanctions against Chinese companies. The US President decided to restrict any transactions with the owners of eight Chinese applications, including the payment systems Alipay and WeChat Pay. According to him, these services can gain access to users’ personal information and be used by the Chinese government to spy on U.S. citizens.