In January 2021, Xiaomi, along with several other Chinese companies, was included in the so-called “black list” for alleged links with the Communist Party and the Chinese military. The sanctions against Xiaomi meant the imposition of restrictions on trading in securities. But Xiaomi in every possible way denied the accusations of the American authorities against it, and even went to court to defend its honor. And now we can officially admit that she succeeded.
As reported on Wednesday, July 26, Reuters, the District of Columbia court has invalidated Xiaomi’s listing of companies that have ties to the Chinese Communist Party and the People’s Liberation Army of the People’s Republic of China. By its decision, the court canceled all restrictions on the Chinese smartphone manufacturer.
“The US District Court has issued a final ruling overturning the US Department of Defense’s awarding of the CCMS (Chinese Communist Military Company) status to Xiaomi. We reiterate that Xiaomi is an open, public and independent corporation, ”Xiaomi said in an official statement.
It must be said that the addition of Xiaomi to the “black list” was one of the last blows of the former US President Donald Trump (Donald Trump) on Beijing before leaving the White House. And many observers thought that Xiaomi was waiting for the fate of Huawei, whose history also began with the addition to this list, and ended with a total increase in sanctions, because of which the company had to sell its successful sub-brand Honor and actually leave the global smartphone market.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
