The US authorities has blacklisted Chinese smartphone maker Xiaomi and China’s third-largest nationwide oil firm for alleged army hyperlinks, heaping stress on Beijing in President Donald Trump’s final week in workplace.
The Department of Defense added 9 firms to its checklist of Chinese firms with army hyperlinks, together with Xiaomi and state-owned airplane producer Commercial Aircraft of China (Comac).
US buyers must divest their stakes in Chinese firms on the army checklist by November this yr, in keeping with an govt order signed by Trump in November.
Xiaomi didn’t instantly reply to a request for remark.
Xiaomi overtook Apple because the world’s No. three smartphone maker by gross sales within the third quarter of 2020, in keeping with knowledge by Gartner. Xiaomi’s market share has grown as Huawei’s gross sales have suffered after it was blacklisted by the US and its smartphones have been lower off from important providers from Google.
Separately, the Commerce Department put China National Offshore Oil Corp. (CNOOC) on the entity checklist, an financial blacklist that forbids US companies from exporting or transferring expertise with the businesses named except permission has been obtained from the US authorities. The transfer comes after about 60 Chinese firms have been added to the checklist in December, together with drone maker DJI and semiconductor agency SMIC.
CNOOC has been concerned in offshore drilling within the disputed waters South China Sea, the place Beijing has overlapping territorial claims with different nations together with Vietnam, the Philippines, Brunei, Taiwan, and Malaysia.
“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 US national security and the security of the international community,” US Commerce Secretary Wilbur Ross stated in a press release.
“CNOOC acts as a bully for the People’s Liberation Army to intimidate China’s neighbours, and the Chinese military continues to benefit from government civil-military fusion policies for malign purposes,” Ross stated.
CNOOC didn’t instantly remark.
Chinese state-owned firm Skyrizon was additionally added to the financial blacklist, for its push to “acquire and indigenise foreign military technologies,” Ross stated.
Beijing Skyrizon Aviation, based by tycoon Wang Jing, drew US criticism for an try to take over Ukraine’s army plane engine maker Motor Sich in 2017. The concern was that superior aerospace expertise would find yourself getting used for army functions.
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