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China Says Xiaomi Removal From U.S. Blacklist “Beneficial”

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FILE - In this July 9, 2018, file photo, an advertisement for Xiaomi is displayed at a subway station in Hong Kong. China’s commerce ministry said Thursday that the removal of Xiaomi Corp. from a U.S. government blacklist was beneficial, a day after the U.S. reversed a ban on U.S. investments in the smartphone maker imposed by former President Donald Trump. (AP Photo/Vincent Yu, File)

(AP) — China’s commerce ministry has welcomed the removal of Xiaomi Corp. from a U.S. government blacklist, a day after the U.S. reversed a ban on U.S. investments in the smartphone maker imposed by former President Donald Trump. Gao Feng, a ministry spokesman, said “China has always believed that removing sanctions and restrictions and stopping suppression of Chinese companies will benefit China, the United States, and the world.” Gao’s comments at a briefing Thursday followed a U.S. court filing Wednesday that said the Department of Defense would drop Xiaomi from a blacklist it was added to in January. That would have forced U.S. investors to divest their stakes in the firm.

 

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