Xiaomi sees bright overseas future after US blacklist removal

币游国际官方app

2021-05-24

AshopperglancesatgadgetsataXiaomishopinShanghai.[Photo/Agencies]ChinesesmartphonemakerXiaomiCorpsremovalfromaUnitedStatesDefenseDepartmentblacklistisfurtherindicationthattheUSgovernmentsanctionsonChinesecompaniesareunwarranted,expertssaid."TheremovalindicatesthatrestrictionsimposedbytheUSgovernmentonChinesecompaniesdonotholdanygroundorsupport,"saidWangPeng,anassociateprofessorattheHillhouseResearchInstituteoftheRenminUniversityofChinainBeijing."Intheglobalmarket,lstage,"idthatXiaomiandtheUSDepartmentofDefensehadagreedtoresolvethelitigationforlistingtheenterpriseasa"CommunistChineseMilitaryCompany".Thetwopartiesarenegotiatin,,XiaomiandeightotherChinesecompanieswereblacklistedbytheUSgovernmentforsuspectedlinkstotheChinesemilitary,anissuewhichwouldhaveledto,USDistrictJudgeRudolphContrerasputatemporaryhalttotherestrictions,sayingtheUSmovewas"arbitraryandcapricious",aspokesmanforChinasMinistryofCommerce,saidonThursdaythatChinaalwaysbelievesthatremovingthesanctionsonChinesecompanieswillbenefitChina,theUSandtherestoftheworld."TheblacklistremovalhasboostedXiaomisconfidenceinfurtherexpandingabroadanditwillcontributemorecost-effectiveandhigh-qualityelectronicproductsforconsumers,"saidDingJihua,anexpertoncrter,Xiaomiaccountedfor35percentofthetotalsmartphonemarketinSpain,surpassingSouthKoreangiantSamsungandUStechgiantApple,whichaccountedfor34percentand14percentofthemarket,,quarterofthisyearto49millionunits."Chinesecompaniesshouldalsostrengthencompliancemanagementtoprotectthemselvesthroughcompliance,sothattheycanmoveforwardsteadilyontheroadofglobalizationagainstglobaleconomicandpoliticaluncertainties,"Dingsaid.。