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Sweeping U S Lists Seek to Restrict Trade and Investment that Support the Chinese Military

Sweeping U S Lists Seek to Restrict Trade and Investment that Support the Chinese Military
wisconsinproject.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wisconsinproject.org Daily Mail and Mail on Sunday newspapers.

Sweeping U S Lists Seek to Restrict Trade and Investment that Support the Chinese Military

Sweeping U S Lists Seek to Restrict Trade and Investment that Support the Chinese Military
wisconsinproject.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wisconsinproject.org Daily Mail and Mail on Sunday newspapers.

Xiaomi Added to US Blacklist

(Photo: Xiaomi) Chinese electronics company Xiaomi has been added to a blacklist by the US Department of Defense following its classification as a Communist Chinese military company. As CNBC reports, Xiaomi is one of nine new companies added to the list in accordance with the statutory requirement of Section 1237 of the National Defense Authorization Act for Fiscal Year 1999, as amended. The Department of Defense press release explains how this is part of its ongoing work to highlight and counter the People’s Republic of China’s (PRC) Military-Civil Fusion development strategy, which supports the modernization goals of the People’s Liberation Army (PLA) by ensuring its access to advanced technologies and expertise acquired and developed by even those PRC companies, universities, and research programs that appear to be civilian entities.

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