Xiaomi and big chinese companies blacklisted in USA.


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Uploaded on Jan 21, 2021

PPT on Xiaomi and big Chinese companies blacklisted in the USA.

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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