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An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	The US Defense Department has agreed to remove smartphone maker Xiaomi from its blacklist of companies tied to the Chinese Communist Party, according to a court filing released late Tuesday. Xiaomi sued the Pentagon and the US Treasury over the January 14 order from the administration of President Donald Trump including it with eight other Chinese companies whose securities Americans were forbidden from investing in. The move was part of escalating pressure placed on China tied to strategic and trade tensions. In March a Washington federal judge criticized Xiaomi's inclusion in the ban, doubting the US government's national security justifications, and temporarily suspended it. On Tuesday, US government attorneys said they would not appeal the judge's ruling and had agreed to issue an order removing the designation of Xiaomi as a "Communist Chinese military company." Xiaomi, whose shares are traded on the Hong Kong and other exchanges, and in the US over-the-counter market, had insisted that it was "not owned or controlled by, or otherwise affiliated with the Chinese government or military." "Nor does the Chinese government or military, or any entity affiliated with the defense industrial base, possess the ability to exert control over the management or affairs of the company," it had argued. Xiaomi shares surged 11.3 percent to $3.45 on the US OTC market after the news. pmh/bgs
schema:headline	Pentagon agrees to remove Xiaomi from blacklist
schema:mentions	Blacklisting Over-the-counter drug United States Department of the Treasury Stock Xiaomi United States Department of Defense Company (military unit) Smartphone Industry Communist Party of China Hong Kong China President of the United States Donald Trump OTC Bulletin Board Washington Federal The Move
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-05-12 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	82 (xsd:integer)

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