US Division will take Xiaomi Company from the blacklist and analyze: Biden government will continue to continue the last government.
China Xiaomi Technology Co., Ltd. has reached an agreement with the US Department of Defense, and the latter agreed to take Xiaomi Company from the blacklist of the government.
Reuters reported on Wednesday (May 12), a court document said that both parties will agree to solve the ongoing lawsuit, no more controversy.
Bloomberg reported that the US Department of Defense now agreed that the US Department of Defense now agreed that the final order of the US Department of Defense now agreed.
Analysis believes that this document shows that Xiaomi Company and the US government have a short-lived and controversial lawsuit will end this, and will invest in the US investors to invest in this Chinese smartphone manufacturer to clear the road.
On January 14 this year, the US Department of Defense According to the administrative order of the President Trump, 9 Chinese companies such as Xiaomi were identified as a company associated with the Chinese military, and included them in listing of US investment. The investment ban on Xiaomi is originally taken into force on March 15, 2021. According to the relevant regulations, the ban on investment and foreign military has related enterprises have taken effect after 60 days of designation.
Xiaomi Company immediately filed a lawsuit against the US government, claiming the US government's practice "illegal and disclosure", and denied that there was any contact with the Chinese military.
After the New Government of Biden, a federal judge temporarily stopped the implementation of the blacklist in March, the reason is that the US government is "serious defect" in the process of incorporating the blacklist into the ban.
Reuters reported that Xiaomi spokesperson said that Xiaomi spokesperson said that the company is closely focusing on the latest progress in Xiaomi Company. As this decision is spread, Xiaomi Company has soared 6% in Hong Kong's share price.
Xiaomi Technology Co., Ltd. was established on March 3, 2010, headquartered in Beijing. In addition to the production of smartphones, Xiaomi Company also includes robotic cleaner, electric bicycle and bracelet watches. Xiaomi Company is listed in Hong Kong in 2018.
Analysts believe that this agreement reached in Xiaomi Company and the US Department of Defense in the United States and China, the United States and the US Department of Defense. The agreement is rare. Analysts also pointed out that although the United States took Xiaomi from the blacklist, this did not mean that the Biden government would reverse all the ban on the last government for China's technology companies. This week, the Biden government extended an administrative order in 2019, prohibiting US companies from using Huawei and other companies, and accused these equipment constitute national security risks. At the same time, the US Congress is stepping on the promotion of the two legislation to fight against China, enhance the competitiveness of the United States in technology and key manufacturing.
Chinese Ministry of Foreign Affairs spokesperson Hua Chunying said at the routine reporter in Beijing on Wednesday that she did not understand that Xiaomi Company may reach any agreement with the United States. However, she said that I hope that the United States will correct the previous government's mistakes and provide fair and fair and non-discriminating business environments for the normal operation of Chinese companies.
(This article is based on Reuters report)
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