These 9 Chinese firms, including Xiaomi, were banned by Trump
On the last day of its term, the administration of Donald Trump made a big decision against China. A total of 9 Chinese firms, including Xiaomi, have been named by Trump. They were suspected of working with the Chinese army.
The names of the Chinese smartphone company Xiaomi and oil producer Cnooc are notable among the companies that are barred. The Trump administration’s blacklisted firms won’t be allowed to invest in the United States. Moreover, by 11 November 2021, our earlier investment must be reduced. In addition, the Commercial Aircraft Corporation of China Limited is a state-owned plane manufacturer.
List of apps that are banned
The Chinese aircraft manufacturer produces narrow-body superior airplanes. It is expected to compete with American Boeing and Airbus aircraft manufacturers. At the same time, Xiaomi’s direct rivalry overtook the popular American Apple Inc. According to the Bloomberg news agency, the Chinese company Cnooc looks for deep-sea oil.
On 6 January, Alipay was barred from passing an Executive Order on behalf of Trump’s administration for nine apps like WeChat Pay. In the past, Trump was managed with a camera scanner, QQ wallet, SHAREit, Tencent QQ, VMate, WeChat Pay, and the WPS Office.