TAIPEI — Chinese smartphone maker Xiaomi has been added to a U.S. blacklist that will restrict American investment into the company, as the outgoing Trump administration ratchets up tension with Beijing by intensifying its crackdown on Chinese corporate interests.
The U.S. Department of Defense on Thursday added Xiaomi to its list of companies with alleged links to the Chinese military. The addition follows a crackdown on Xiaomi’s compatriot Huawei, the world’s No. 2 smartphone maker, that has restricted its access to U.S. technologies. China’s top chipmaker Semiconductor Manufacturing International Corp. has also been added to multiple blacklists to restrict its business with American suppliers and force U.S. investors to sell their shares in the company. Read more…..
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The election of Joe Biden as the next U.S. President signals a shift in U.S.-China relations, which are at their lowest point in decades. Here’s what a Biden administration might mean for relations between the world’s top two economies.