Uploaded on Jan 21, 2021
PPT on Xiaomi and big Chinese companies blacklisted in the USA.
Xiaomi and big chinese companies blacklisted in USA.
XIAOMI AND
BIG CHINESE
COMPANIES
BLACKLISTED
IN USA
Introduction
The Chinese mobile manufacturer Xiaomi Corp.,
blacklisted by the U.S. government, and the nation's
largest energy company under suspected military
connections, hiding pressures against Beijing inside
President Donald Trump's administration for the
last week.
Source: www.thehindu.com
List of Chinese
Companies
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).
Source: www.thehindu.com
Executive Order
According to Trump's executive order signed in
November, US investors would have to divest their
investments in Chinese businesses on the military
list by November of this year.
Source: www.thehindu.com
World’s No-3 Smartphone
Maker
Xiaomi Corp. overtook Apple Inc. as the worlds No.
3 smartphone maker by sales in the third quarter of
2020, according to the report.
Source: www.thehindu.com
Xiaomi’s Market
Share
Xiaomi’s market share has grown as Huawei’s sales
suffered after it was blacklisted by the U.S. and its
smartphones cut off from essential services from
Google.
Source: www.thehindu.com
Economic Blacklist
The Commerce Department put China National
Offshore Oil Corp. (CNOOC) on the entity list, an
economic blacklist that forbids U.S. firms from
exporting or transferring technology with the
companies named unless permission has been
obtained from the U.S. government.
Source: www. china-gadgets.com
Involvement in
Disputes
CNOOC has been involved in offshore drilling in the
disputed waters of South China Sea, where Beijing
has overlapping territorial claims with other
countries including Vietnam, the Philippines,
Brunei, Taiwan, and Malaysia.
Source: www.thehindu.com
Security Threat To
USA
China’s reckless and belligerent actions in the South
China Sea and its aggressive push to acquire
sensitive intellectual property and technology for its
militarisation efforts are a threat to U.S. national
security and the security of the international
community.
Source: www.thehindu.com
Skyrizon
Chinese state-owned company Skyrizon was also
added to the economic blacklist, for its push to
acquire and indigenise foreign military
technologies.
Source: www.jagranjosh.com
THANK YOU
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